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How Abu Dhabi’s wealth fund made a play for Lazard
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ADQ, Abu Dhabi’s sovereign wealth fund, had Wall Street investment bank Lazard in its sights earlier this year, with ambitions to take it private.
The discussions were held between Lazard’s outgoing chief executive Ken Jacobs and ADQ’s chair Sheikh Tahnoon bin Zayed al-Nahyan, according to the Financial Times.
The talks however fell apart,...
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