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26-03-14

UAE's Mubadala, France's CDC to invest USD413 m in France

(MENAFN) Abu Dhabi state-owned investment fund Mubadala Development and France's CDC International Capital have cooperated in investing USD413 million in several sectors in France, according to the Emirates 24/7. Mubadala said that the two parties will invest mainly in private companies, real estate or infrastructure. Each party will allocate as much as USD207.32 million for joint investments to be managed by senior executives from the companies. Mubadala, which has stakes in General Electric and private equity firm Carlyle will mainly focus on US and European markets this year as those economies recover slowly.