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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Super-rich Arabs aiming to land a portfolio

Posted on 25 October 2013

British Land’s shares were suddenly hot property as rumours of a £8.99billion or £9 a share cash bid from a sovereign wealth fund swept dealing rooms just before lunch. They were chased up to 629p before closing 10p higher at 623p, currently valuing London’s biggest landlord at £6.2billion.
GIC, one of the world’s largest sovereign wealth funds, has been a long-term holder of a 3.95 per cent stake, but the Kuwait Investment Authority was the name in the frame. It is the country’s sovereign wealth fund and has doubled its investment in the UK over the past ten years to more than £15billion………………………………………..Full Article: Source


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