Bloomberg/Alex Atack

Asset management

Mubadala to sell 34.9 million shares in Advanced Micro Devices

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Mubadala Investment Company will remain the major Advanced Micro Devices (AMD) shareholder after the transaction, with 6.9 per cent ownership.

Tuesday 05, February 2019 BY KUDAKWASHE MUZORIWA

Abu Dhabi’s Mubadala has announced the selling of its stake of 34.9 million common equity shares along with a plan to convert 75 million warrants in US-based semi-conductor company Advanced Micro Devices, reported Reuters.

In a statement, Mubadala stated that converting the warrants will provide AMD with $448.5 million.

TAGS : Mubadala Investment Company, Advanced Micro Devices

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