Abu Dhabi Financial Group unit offers to buy Abraaj’s investment management arm
Reuters From CNBC A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by Reuters. The offer from Abu Dhabi Capital…
Abraaj audit finds funds mingled corporate and investor cash
By Simeon Kerr From Financial Times Private equity group lacked governance but did not embezzle funds, Deloitte finds Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a forensic review…
