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Abu Dhabi’s Mubadala Acquires 30% Stake in Loscam International for $567 Million
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Abu Dhabi’s Mubadala Acquires 30% Stake in Loscam International for $567 Million

Abu Dhabi’s Mubadala Investment Company has announced an agreement to acquire a 30 percent stake in Loscam International, a Hong Kong-based pallet manufacturer. Although the sovereign wealth fund did not disclose the transaction’s value, Hong Kong-listed Sinotrans has reported it to be worth $567 million. In a market filing, Sinotrans explained that the deal involves...