The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the oil-rich emirate, is in talks to acquire a stake in a major company. A representative from the Abu Dhabi Investment Authority (ADIA) spoke up, confirming the news. ADIA is one of the world's biggest sovereign wealth funds by assets, and has been in talks to acquire a stake in the company for some time now.
Representatives from Citigroup, Apollo, ADIA, and Advent declined to comment on the news, while representatives from Mifel and Grupo Mexico did not respond to emails seeking comment. ADIA, however, confirmed that the talks are ongoing, and that they are looking to acquire a stake in the company.
ADIA's move to acquire a stake in the company is seen as a step in the right direction. The company is known for its successful Investment, and its stake in the company could be a major boost to the company's overall financial health.