EEMEA market round up: Mubadala partners with GE

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EEMEA market round up: Mubadala partners with GE

Abu Dhabi state-owned investment fund Mubadala has agreed to set up an $8 billion joint venture with General Electric. It will "focus exclusively on investment opportunities generated through GE Capital’s existing origination and servicing capacity, with targeted assets of $40 billion," they said in a joint statement. Mubadala will also become one of the 10 biggest stakeholders in GE by buying shares in the open market.

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