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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Oman Investment Fund seeks OK to buy Universal Commodities Exchange stake

Posted on 03 January 2012

Oman Investment Fund, the Sultanate of Oman’s sovereign wealth fund, has filed a fresh application with the Indian government to buy a stake in the Universal Commodity Exchange, the Economic Times reported Wednesday, citing an unnamed source.
“The fresh proposal made by Funderburk 2 Mauritius, an Oman Investment Fund arm, relates to UCX,” the newspaper quoted the person as saying. The report didn’t specify the size of the stake that the sovereign wealth fund plans to buy, but said a single foreign entity can invest up to 5% in a commodity exchange………………………………………..Full Article: Source


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