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Sovereign Wealth Funds Briefing - Categorized | Investment

Pru turns to Far East to fund AIA bid

Posted on 03 March 2010

From Dailymail.co.uk: Pru is in talks with sovereign wealth funds from Singapore and China about helping to backstop the rights issue in an attempt to offset the risk that existing investors could turn their backs on the fundraising.

This means that the likes of Singapore state investor Temasek, and the government of Singapore Investment Corporation, which already has a 0.5 per cent stake in the Pru, could end up owning a large chunk of the insurer……………………………………….Full Article: Source


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