Mubadala cements cautious life sciences approach with $235m Evotec investment
Mubadala Investment Company agreed to acquire €200 million (US$235 million) worth of Hamburg-based Evotec shares in a private placement, giving the United Arab Emirates sovereign wealth fund a 5.6% stake in one of Germany's top life sciences firms.
Novo Holdings kicked in an additional €50 million (US$58.8 million) in the offering. But Novo is a longtime Evotec investor that brought its stake in the company up to 11% with the transaction, so the headline news here is Mubadala's increasing eagerness to play the biotech trade.
Mubadala CEO Khaldoon . . .
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