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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar said to invest $2.8 bln in AgriBank IPO to tap growth

Posted on 21 June 2010

From Bloomberg: The Qatar Investment Authority, the Gulf country’s sovereign wealth fund, agreed to invest $2.8 billion in Agricultural Bank of China Ltd.’s initial public offering to tap growth in the world’s third-biggest economy.
The $58 billion fund signed an agreement with Agricultural Bank on June 17, two people with knowledge of the matter said, declining to be identified because the deal is private. The bank has allocated more than $5 billion for corporate investors such as QIA in the Hong Kong part of its IPO, the people said……………………………………….Full Article: Source

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