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Sovereign Wealth Funds Briefing - Categorized | Investment

Brazil’s sovereign fund to purchase central bank shares

Posted on 21 June 2010

From Peopledaily.com.cn: Brazil’s Sovereign Fund (FSB), which has raised some 9.5 billion U.S. dollars since its inception two years ago, will purchase shares of Bank of Brazil for the first time.
The official Agencia Brasil news agency reported Friday that the Fiscal Fund for Investment and Stabilization, a subordinate body of the FSB, has been authorized to purchase up to 21.85 percent of the new shares to be offered by the central bank early next month……………………………………….Full Article: Source


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