CANADA: Abu Dhabi’s sovereign wealth fund Mubadala Investment is delisting Canadian asset manager CI Financial from the Toronto Stock Exchange in an all-cash deal. The 33% premium over the last closing share price values CI Financial at CAD12.1 billion (US$8.66 billion) and will maintain the existing Canadian firm’s leadership team. The deal is conducted via Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, overseeing US$24 billion of assets under management, of which US$13 billion is managed in third-party capital vehicles.
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