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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

British Land rumored as potential target for Kuwaiti sovereign wealth fund

Posted on 28 October 2013

The Kuwait Investment Authority is rumored to have approached British Land Co. Plc with a £8.99 billion, or £9-per-share, cash bid, The (U.K.) Daily Mail reported Oct. 24. The deal would value the company at £6.2 billion, according to the report.
J.P. Morgan Cazenove analysts Harm Meijer, Tim Leckie, Neil Green and Annelies Vermeulen said in their daily Property Ticker briefing that a deal is “unlikely.”……………………………………….Full Article: Source


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