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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

3 SWFs back BlackRock

Posted on 16 June 2009

From Todayonline.com: Three sovereign wealth funds (SWFs) have reportedly emerged as the mystery backers that are making possible BlackRock’s US$13.5-billion ($19.6-billion) proposed acquisition of Barclays Global Investors, the asset management unit of the British bank.

The Kuwait Investment Authority, Government of Singapore Investment Corporation (GIC) and China Investment Corporation are said to have altogether contributed US$2.8 billion of the US$6.6 billion cash element of the deal that will create the world’s largest money manager…….Full Article: Source


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