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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Pension fund approached on Potash bid

Posted on 03 September 2010

From AP: The head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan Inc.
Leo de Bever, chief executive of Alberta Investment Management Corp., which manages $70 billion Canadian (US$65 billion) in public sector pension funds, said Thursday his fund and other major pension funds in Canada have been approached by an intermediary looking to put together a rival bid to BHP Billiton’s $39 billion hostile offer……………………………………….Full Article: Source

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