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Financials

UAE's Mubadala completes deal to take 20 pct stake in Investcorp's parent

DUBAI, March 12 (Reuters) - Bahrain-based Investcorp said on Sunday Abu Dhabi state investment fund Mubadala Development had completed a deal to acquire a 20 percent stake in the alternative investment firm’s parent, Investcorp Bank.

Investcorp said in July that Mubadala would buy 9.99 percent of Investcorp immediately, and a further 10.01 percent following regulatory approvals, making it the largest shareholder of Investcorp.

Reporting by Tom Arnold; Editing by Stephen Coates

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