First Abu Dhabi Bank sells 60 percent of Magnati to Brookfield

28 Feb 2022

First Abu Dhabi Bank sells 60% of Magnati to Brookfield. Financial terms were not disclosed.

Parties

Company

Brookfield Business Partners L.P.

Law Firm / Organization

Cleary Gottlieb Steen & Hamilton LLP

Bank

First Abu Dhabi Bank

Law Firm / Organization

Freshfields LLP

Deal Type

Merger & Acquisition

Industry

Banking/Finance

Transaction

Undisclosed/Confidential

Deal Status

Active

Closing Date