Mubadala bought 20.8% of Cosmo Energy Holdings (5021 JP) in 2007 at Â¥5,068/share (split-adjusted). A few months later it dipped below that and hasn't seen that price since.Â
The sovereign wealth fund sold 5% last year at Â¥2,610, and just 7 months later is bailing on the other 15.7% at a 12-17% discount.Â
Result? Float will rise. Index funds will buy a bit, and active foreign institutional investors will nearly double their holdings.