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So China can't invest in jr miners, but the United Arab Emirates can take over a Canadian fund manager 🤔 @NiallCMcGee https://t.co/owXJFs2Vrl
Northstar-Backed Delta Dunia Doubles Down In Australia With $455 Million Coal Mine Purchase https://t.co/MDSyxERRYl https://t.co/aItTAiSNFd
CI Financial signs $4.7 billion deal to be taken private by arm of UAE sovereign wealth fund https://t.co/9DyNSRQnu0 https://t.co/o5cW50J5jm
Canadian mutual fund manager CI Financial is set to be taken private in a deal backed by Abu Dhabi’s Mubadala Capital. The transaction is valued at approximately C$12.1 billion. The deal is part of CI Financial's strategy to pivot from product manufacturing to acquiring US-based RIAs. The privatization move, valued at $3.4 billion, $8.7 billion, and C$4.7 billion in various reports, is seen as a significant shift in the company's operational strategy.
