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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah Nasional takes a huge chunk of CIMB Group

Posted on 14 March 2012

Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia’s leading banks. The company, which describes itself as “a leading regional strategic investment house that drives superior corporate performance,” now owns 29.9% of CIMB, a massive leap from its previous holdings of just 1%.
Sources said the increase in ownership is part of Khazanah’s strategy of seeking new sources of growth. It could also be a prelude to a larger objective by the sovereign wealth fund that sees CIMB as a core competitive asset………………………………………..Full Article: Source


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