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Mubadala Takes Stake in Chin's Luckin Coffee in USD 1 Billion Deal
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Mubadala’s $1 Billion Luckin Deal Adds a Board Seat, Not Disclosed Company Cash
Mubadala’s investment in Luckin Coffee carries a concrete governance right: the Abu Dhabi fund can nominate one Luckin director while its investment vehicle maintains an indirect stake of at least 5% and remains in good standing. What the deal documents do not disclose is equally important for holders of the OTC-traded shares: there is no…
Abu Dhabi sovereign wealth fund Mubadala has entered China's growing fresh coffee market by making a strategic minority investment in Luckin Coffee; following the transaction, Mubadala and Centurium partners hold a 22.1% stake.
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