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UAE: Abu Dhabi investor looking to make deal with UBS

By  |  October 31, 2013

The Abu Shabi Investment Authority is reportedly in talks to acquire a more-than $1 billion property portfolio in France from Swiss lending giant UBS.

Reports say the Authority, known as Adia, filed for approval of the deal with the French competition commission. The deal involves Adia’s subsidiary Tamweelview European Holdings to acquire UBS’s Docks Lyonnais.

The deal would mark the largest commercial real estate deal in France this year.

Both parties in the deal declined to comment on the progress of the acquisition.

Full content: The National

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