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Sovereign Wealth Funds Briefing - Categorized | Financials

Caltex and Goodman attract close scrutiny for block trades

Posted on 19 June 2014

The largest shareholders of oil refiner Caltex and property developer Goodman Group are under close scrutiny for potential block trades worth a collective $3.8 billion after Shell’s $6.1bn exit from Woodside Petroleum this week.
Should sovereign wealth fund China Investment Corporation and energy giant Chevron exit Goodman Group and Caltex, they will follow Royal Dutch Shell’s selldown of its 19 per cent stake in Woodside Petroleum on Tuesday, $3.2bn of which was subject to a block trade………………………………….Full Article: Source


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