Abu Dhabi invests in French investment fund project
Text by: RFI Follow
"Mubadala", the sovereign fund of Abu Dhabi, will invest in a French investment fund project, dubbed "Lac d'Argent". Its purpose will be to protect hexagonal jewels.
Publicity
Read moreManaged by the Public Investment Bank , Bpifrance, the French fund will take minority stakes in large French groups. Its objective is to stabilize the capital of listed French companies and protect them against hostile takeovers.
Abu Dhabi invests one billion euros
The Abu Dhabi sovereign wealth fund has decided to invest a billion euros in it. This is a strong signal, said the French Minister of Economy, Bruno Le Maire, visiting the capital of the United Arab Emirates.
“ The first foreign sovereign fund to invest in this French investment fund is the Abu Dhabi fund. All this must bear witness to the very strong strengthening of the links between Abu Dhabi and France. It is a political gesture which testifies to the confidence of the United Arab Emirates in the vitality of the French economy, in the strength of large French companies, and in their capacity for development . ”
Ten billion euros in total
The French investment fund will have an amount of 4 billion euros by April 2020 with the aim of reaching 10 billion euros.
► Davos: Paris and Berlin join forces with BlackRock to finance sustainable projects
Newsletter With the Daily Newsletter, find the headlines directly in your mailbox
subscribeDownload the app
google-play-badge_FR- United Arab Emirates
- France
- Economy
- finances
On the same subject
United Arab Emirates / Space
ISS: the United Arab Emirates realizes their space ambitions
decryption
Foreign investors now prefer France to Germany
Economy
The attractiveness of France is rising thanks to industrialists and innovators