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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Investment

Mideast sovereign funds eye Agricultural Bank IPO

Posted on 08 June 2010

From Ce.cn: Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its initial public offering (IPO) in Shanghai and Hong Kong this year, the China Business News reported yesterday.
The Kuwait Investment Authority intends to invest about US$1 billion to become a cornerstone investor in the Chinese bank’s US$30 billion IPO, which would be the world’s largest, the newspaper reported, quoting a source at one of the underwriters…………………………………………Full Article: Source

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