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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Abu Dhabi’s biggest SWF buys up recently floated Hyatt Hotels shares

Posted on 16 December 2009

From The Associated Press: Abu Dhabi’s biggest sovereign wealth fund has bought more than 10 per cent of the Hyatt Hotels Corp. shares floated by the iconic hotelier last month.
Chicago-based Hyatt disclosed the sale Monday in a filing with the U.S. Securities and Exchange Commission. The deal was made public on the same day oil-rich Abu Dhabi agreed to pump US$10 billion in bailout funds into its struggling neighbour Dubai………………………………..Full Article: Source


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