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Sovereign Wealth Funds Briefing - Categorized | Market

Istithmar postpones ISS sale after drawn-out process

Posted on 18 June 2010

From Dow Jones: Istithmar, part of Dubai’s sovereign wealth fund, has postponed the sale of Inchcape Shipping Services, a person familiar with the situation told Dow Jones Newswires Thursday.
The decision comes after a long drawn out process that frustrated bidders because of confusing and limited due diligence, people said. In particular, bidders weren’t provided with adequate information as part of the due diligence process, people said…………………………………………..Full Article: Source


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