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Sovereign Wealth Funds Briefing - Categorized | Investment

Korea Pension in talks to buy U.S. oil pipeline stake

Posted on 24 August 2010

From Bloomberg: National Pension Service, South Korea’s biggest investor, said it’s in talks to buy into a U.S. oil pipeline to diversify its portfolio.

The Korea Economic Daily earlier reported that the pension fund was picked as a preferred bidder to buy 23.44 percent of Colonial Pipeline Co. from Chevron Corp. for about 1 trillion won ($847 million)…………………………………….Full Article: Source


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