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  • 05-02-19

    Mubadala to put 34.9m stake in AMD on sale

    (MENAFN) Mubadala Investment Co. in Abu Dhabi decided to put 34.9 million of stake in U.S. Advanced Micro Devices (AMD) on sale in common equity shares.

    Announcing the news on Tuesday, the state fund also confirmed its plan to switch 75 million warrants in the computer microprocessors supplier.

    In a statement, Mubadala affirmed that the move will be contributing with USD448.5 million to AMD.

    Mubadala spokesman Brian Lott stated that "today's transaction remains in line with Mubadala's overall investment strategy to monetize mature holdings to deliver attractive commercial returns."

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