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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek, China rebuff debt-heavy RUSAL’s IPO pitch

Posted on 21 January 2010

From Reuters: Two of Asia’s most influential sovereign funds are steering clear of a $2.6 billion Hong Kong IPO by UC RUSAL, the world’s biggest aluminum maker, leery about high valuations and debt levels.
China Investment Corp (CIC) and Singapore’s Temasek Holdings, which manage a combined $420 billion, were actively wooed by RUSAL, but have given the offering the cold shoulder……………………………….Full Article: Source

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