Mubadala Favors Selling Fintech Wefox Against Founders’ Wishes

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders.

From Harvard to Wisconsin, Muni Issuers Jump on Buyback WaveMilei’s Signature Reforms at Risk in Tense Argentine Senate VotePeso Rout Shaves $16 Billion Off Fortunes of Mexico’s WealthiestSupreme Court Weakens Labor Board’s Power in Win for StarbucksPGIM Seeks Deals to Expand Private-Market Assets to $500 BillionMortgage Rates Fall for a Second Week With All Eyes on the FedAdani Group Buys Penna Cement For $1.

What you should knowFirst 2024 Canada carbon rebates will be deposited today for some CanadiansThe big benefits of adopting a debt-free lifestyleMost young adults think retiring by 65 is outdated: surveyMany Canadians still feeling squeezed even as debt worries ease: insolvency firmStocks, Real Estate Push Canada Household Net Worth to New HighBobby Jain’s Hedge Fund to Hire 30 in Asia by July Trading StartSwedish Landlord SBB Plans to Sell New Bonds at Residential UnitUK Housing Market Loses...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ERROR

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mubadala Unit Took $315 Million Credit Hit on Loans to SignaA unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Mubadala Hires OneIM, SoftBank Alum Merksamer for Private EquityA unit of Abu Dhabi sovereign wealth fund Mubadala Investment Co. hired Sam Merksamer, most recently a partner at Rajeev Misra’s One Investment Management.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Mubadala Offers to Sell $950 Million of GlobalFoundries SharesA unit of Mubadala Investment Co. is seeking to raise $950 million in a sale of GlobalFoundries Inc. shares, two years after the chipmaker went public.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Aramco’s Venture Arm, Mubadala Back Dubai-Based Real Estate FintechA Dubai-based digital platform for real estate investment raised $14 million from investors including Saudi Aramco’s venture capital arm and an Abu Dubai sovereign wealth fund.
Source: BNNBloomberg - 🏆 83. / 50 Read more »