Hewlett-Packard Co (NYSE: HPQ) has sold its 40% stake in United Arab Emirates-based Injazat Data Systems for an undisclosed amount to its investment partner, Abu Dhabi state-owned fund Mubadala.
The deal, announced in a statement from Injazat on Tuesday, comes a day after HP said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations.
Unlisted Mubadala, which has stakes in General Electric and private equity firm Carlyle, now owns 100% of Injazat.
Hewlett shares drooped 44 cents, or 1.2%, in the early going Tuesday to $36.43 U.S., in the upper range of a 52-week range extending from $20.25 U.S. to $38.25 U.S.
