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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Mideast funds take big bite of AgBank IPO

Posted on 22 June 2010

From Tradearabia.com: The Kuwait Investment Authority has invested $800 million in Agricultural Bank of China, two sources said on Monday, giving Middle East funds a big slice of AgBank’s likely record $23 billion IPO.
The same sources confirmed a weekend report that the Qatar Investment Authority agreed to invest $2.8 billion in AgBank, a bigger-than-expected sum that gets underwriters closer to their goal of raising around $6 billion through cornerstone investors in the planned Hong Kong offering……………………………………….Full Article: Source

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