Mubadala and GE have agreed to set up a commercial-finance division geared towards Middle Eastern/African markets. Each side will contribute approximately $4 billion over the next three years. With this partnership it looks like Mubadala will be one of GE’s top 10 shareholders by next year.
This partnership comes right in time for the struggling GE stock and delivers investors in GE confidence. Read about initiatives that the the multi-faceted partnership will explore Here.
Source: http://www.mubadala.ae/en/media/press-releases/ge-and-mubadala
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