Mubadala Investment Company, one of the investment vehicles of Abu Dhabi Emirates, has increased its shares in Russian energy company En+ Group to 2.8 per cent, up from 0.2 per cent, reports say.
The Emirati sovereign fund’s ordinary shares in the company now stand at 16,641,700.
En+ Group according to Faris Sohail Al Mazrui, Head of Mubadala’s Russia & CIS Investment Program is a market leader in the clean energy and aluminium sectors.
The Moscow-based company is listed on the Moscow Stock Exchange, while its GDRs are tradeable on the London Stock Exchange.
The $243-billion funds has been on an investment spree. In May it injected $497 million into UK-headquartered IVC Evidensia, Europe’s largest veterinary care provider.
In April its oil company, Mubadala Petroleum, signed a memorandum of understanding (MoU) with Delek Drilling to acquire 22 per cent of the Israeli company’s participation in Tamar natural gas field offshore in the Eastern Mediterranean.
The deal is valued at $1.1 billion.
The fund’s global portfolio spans six continents with interests in multiple sectors and asset classes, including significant investments in Masdar, a global leader in renewable energy, and Emirates Global Aluminium, a leading aluminium producer, Zawya notes.
Abu Dhabi-headquartered Mubadala increases shares in Russia-based En+ Group
