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SoftBank sells Fortress stake to Mubadala and management team

Mubadala will own 70% of the equity in Fortress, while Fortress management will hold a 30% equity interest and a class of equity entitling it to appoint a majority of seats on the board. ....

Pete Briger , Abu Dhabi , Fortress Investment Group , Softbank Group , Mubadala Investment , Joshua Pack ,

SoftBank sells Fortress stake to Abu Dhabi's Mubadala

Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary Mubadala Capital, announced that they have entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group ....

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UAE In-Focus — Abu Dhabi, Kuala Lumpur to start talks on bilateral trade deal

RIYADH: The UAE and Malaysia have agreed to negotiate a Comprehensive Economic Partnership Agreement, the two countries said on Tuesday. It is a type of bilateral trade deal the UAE has been pursuing with various countries since 2021. The agreement will cover trade in goods and services, investments, economic cooperation, Malaysia’s Trade Ministry said in a statement. “The UAE ....

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NEW YORK (Financial Times) A sharp credit contraction caused by the banking crisis and rising interest rates will fuel a wave of defaults, said Pet ....

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