Abu Dhabi, home to 6 percent of the world’s oil reserves, plans to merge two of its largest sovereign investment funds to form an asset pool more than twice the size of Russia’s Reserve Fund and with stakes ranging from pipelines and chemicals to microchips and music. The combination of International Petroleum Investment Co. and Mubadala Development Company PJSC would have assets of about $125 billion and debt of about $42 billion. The merger is part of a strategy by Abu Dhabi, the biggest sheikhdom in the United Arab Emirates, to cut costs and consolidate holdings after the drop in crude prices. It would create a global energy business that pumps more oil than OPEC member Libya and with more assets than ConocoPhillips. IPIC has focused on energy refining and distribution, while Mubadala’s more eclectic holdings include energy production to aircraft parts. Here are some of the companies owned […]