Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah bids for GE’s $1.8 bln Thai bank stake

Posted on 15 March 2013

Malaysia’s Khazanah Nasional Bhd is seeking to buy General Electric’s $1.8 billion stake in Bank of Ayudhya (BAY), sources familiar with the matter said, pitting it against Japanese banking giant Mitsubishi UFJ Financial Group (MUFG).
Khazanah’s bid for GE’s 25.3 percent stake came as a surprise, the sources said, declining to be identified as the information was not public. The proposed acquisition would be the largest purchase of an overseas banking asset by Khazanah as it plays catch-up with Singapore state investor Temasek Holdings Pvt Ltd . The Malaysian sovereign wealth fund currently manages a portfolio that is just a quarter of the $158 billion of assets held by its neighbouring rival………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031