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Mubadala buys Carlyle stake
- United Arab Emirates: Saturday, September 22 - 2007 at 07:25
The Carlyle Group is to sell off a 7.5% stake to an affiliate of Abu Dhabi's Mubadala Development Company for more than $1.3bn in cash. The minority investment includes no associated voting rights and is subject to value-related protective rights. Mubadala ha also committed $500m to an investment fund managed by Carlyle; the transaction is expected to close in October.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 22 - 2007 at 07:25 UAE local time (GMT+4)
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