💰SWF – Sovereign Wealth Fund

💰SWF – Sovereign Wealth Fund

Mubadala Inches Toward $1.2 Billion Deal for Brazilian Energy

Abu Dhabi-based Mubadala Investment Company is in the final stages of negotiation on a deal to buy Queiroz Galvão Energia SA (QGE) – the renewable energy division of Brazilian oil and natural gas company Queiroz Galvão Participacaoes – at a valuation of nearly 4 billion BRL (US$ 1.2 billion), according to a report from local financial newspaper Valor Econômico.

Valor reports that the buyout-centric arm of Abu Dhabi’s overarching Mubadala Investment Company has teamed up with Castlerock Asset Management Inc.

SWFI – Sovereign Wealth Fund Institute

https://www.swfinstitute.org/swf-news/mubadala-inches-toward-1-2-billion-deal-for-brazilian-energy/

NADEC to Acquire Al Safi Danone

Saudi Arabia’s National Agricultural Development Company (NADEC) has agreed to acquire Al Safi Danone, Danone SA’s Saudi venture, through a capital increase of 536 million SAR (US$ 142.7 million).

SWFI – Sovereign Wealth Fund Institute

https://www.swfinstitute.org/swf-news/nadec-to-acquire-al-safi-danone/