💰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/