HP sells UAE-based IT firm stake to Abu Dhabi fund Mubadala

Hewlett-Packard Co has sold its 40 percent stake in United Arab Emirates-based Injazat Data Systems for an undisclosed amount to its investment partner. (File photo: Reuters)

Hewlett-Packard Co has sold its 40 percent stake in United Arab Emirates-based Injazat Data Systems for an undisclosed amount to its investment partner, Abu Dhabi state-owned fund Mubadala.

The deal, announced in a statement from Injazat on Tuesday, comes a day after HP said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations.

Unlisted Mubadala, which has stakes in General Electric and private equity firm Carlyle, now owns 100 percent of Injazat.
 

SHOW MORE
Last Update: Wednesday, 20 May 2020 KSA 09:45 - GMT 06:45
Top