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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

U.S. frets over foreign investors in GM

Posted on 03 September 2010

From WSJ: The U.S. Treasury is concerned about how many overseas investors it should allow to buy big stakes in General Motors Co. through the car maker’s initial public offering this fall.
The caution—aimed at minimizing any political fallout from the massive stock sale—could involve limiting or being selective about which non-U.S. investors such as sovereign-wealth funds would be invited to be “cornerstone” investors in the IPO, said these people……………………………………….Full Article: Source

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