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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

SWFs back BlackRock move to acquire Barclays Global Investors

Posted on 15 June 2009

From Telegraph.co.uk: Three sovereign wealth funds have emerged as the mystery backers who are making possible BlackRock’s $13.5bn (£8.2bn) proposed acquisition of Barclays Global Investors.
The Kuwait Investment Authority (KIA), the Government of Singapore Investment Corporation (GIC) and the China Investment Corporation (CIC) contributed $2.8bn of the $6.6bn cash element of the deal that will create the world’s largest money manager and was first reported in the Sunday Telegraph……..Full Article: Source


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