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ATIC open to more acquisitions

Posted on Wednesday, September 09 2009 @ 00:30:08 CEST by

EE Times reports Abu Dhabi's investment vehicle ATIC is open to more acquisitions:
"We are always open to new opportunities. We won't rule out any opportunity. The first deal was in March, the second today and we are always open to more," Reuters quoted CEO Ibrahim Ajami saying Monday (Sept. 7) by telephone from Singapore.

The references are to the formation of the joint-venture with Advanced Micro Devices Inc. called GlobalFoundries and the offer for Chartered, which is being backed by Singapore government vehicle Temasek Holdings which controls about 60 percent of Chartered.



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