(MENAFN) Paris-based private equity firm Ardian plans to buy USD2 billion-worth PE fund stakes from the investment vehicle of the Abu Dhabi government, according to Arabian Business.
Bloomberg reported on Monday that Ardian has already made a bid on portfolios that Abu Dhabi Investment Authority (ADIA) is willing to sell.
The sources told Bloomberg the offer by Adrian for the portfolio consisting mostly of buyout fund stake had come before ADIA, the sovereign wealth fund owned by Emirate of Abu Dhabi, and could start a formal sale process.
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