Mubadala Sold Off Large Position in UniCredit Before Year-End
Posted on 01/08/2020
Before the end of 2019, reported on December 20, 2019, Mubadala Investment Company lowered its stake in UniCredit SpA from 4.986% (June 2019) down to 2.02%. Mubadala is constantly pruning its portfolio, waiting for ideal times to sell off assets.
Mubadala inherited the position in UniCredit from its takeover of IPIC, which owned Aabar Investments.