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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway wealth fund, Och-Ziff among investors in Cinda IPO-sources

Posted on 25 November 2013

A group of 10 investors, including Norway’s sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.
Cinda, one of China’s four bad debt managers, is seeking to raise $2.5 billion and the offer has attracted interest from distressed debt investors, hedge funds to China’s insurance giants. Together, the so-called cornerstone investors would buy about 45 percent of the initial public offering (IPO), which is set to be Hong Kong’s biggest this year………………………………………..Full Article: Source


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