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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar sovereign fund eyes to become ABC’s largest investor

Posted on 23 June 2010

From China Knowledge: Qatar Investment Authority, the country’s sovereign wealth fund, will spend US$2.8 billion to subscribe for shares to be offered by Agricultural Bank of China, thus to become the largest cornerstone investor of the Chinese lender, the Wall Street Journal reported yesterday, citing a source with the knowledge of the matter as saying.
The source also disclosed that Kuwait Investment Authority plans to invest between US$500 million and US$1 billion in ABC’s initial public offering………………………………………..Full Article: Source

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