Mubadala makes 10-year, €1 billion commitment to French investment fund

February 24, 2020 (Abu Dhabi)

The National has reported that Mubadala Investment Company (Mubadala), Abu Dhabi’s strategic investment arm has taken a 10% stake in the €10 billion French investment fund, LAC I. LAC I will be managed by the country’s national bank, Bpifrance, which intends to invest the funds approximately 15 of France’s leading listed corporations over the next decade.