Mubadala to acquire CI Financial for CAD12.1bn.

Mubadala, Abu Dhabi's sovereign wealth fund, agreed to acquire CI Financial, a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia, for CAD12.1bn. "We are fully aligned with the strategy and direction of the firm and look forward to working with the CI management team to continue to build this outstanding business and ensure that CI continues to deliver superior services to its clients,” Hani Barhoush, Mubadala Capital Managing Director and CEO.