Transport Topics reported that Mubadala Capital, a subsidiary of Mubadala Investment, has completed the acquisition of a majority stake in Arrive Logistics. Mubadala Investment is identified as one of the sovereign wealth funds of the government of Abu Dhabi.
The report from Transport Topics indicated that the specific financial details of this transaction, including the price paid for the majority stake, were not publicly disclosed at the time of the announcement.
This acquisition marks a significant development for Arrive Logistics, bringing a new majority owner in the form of an investment arm linked to the Abu Dhabi government.
Mubadala Capital operates as the investment subsidiary of Mubadala Investment, which manages a diverse portfolio on behalf of the government of Abu Dhabi.
