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FinancialNews
11-11-17
Mubadala, CDC and Bpifrance Bpifrance to sign investment deal
(MENAFN) The Abu Dhabi-based strategic investment vehicle, Mubadala Investment Company has signed a major investment deal with two international France-based companies.
Mubadala will join CDC International Capital, a subsidiary of Caisse des Depots Group dedicated to direct investments alongside sovereign wealth funds, and Bpifrance, co-owned by Caisse des Depots and the French government dedicated to financing companies, in a new investment vehicle aimed at private and direct investments in the French economy.
During the official visit of the French President in Abu Dhabi, the deal was inked with the objective of the investment vehicle is to develop an integrated platform with a target investment capacity of up to USD1.165 billion with dual strategic objectives.
MENAFN1111201700450000ID1096070447
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