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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

GM said to approach sovereign wealth funds to boost stock sale

Posted on 06 October 2010

From Bloomberg: Investment bankers for General Motors Co. have met with sovereign wealth funds and private investors in the Middle East and Asia to gauge interest in the automaker’s planned stock sale, said two people familiar with the meetings.
GM’s bankers had planned to approach Riyadh, Saudi Arabia- based Kingdom Holding Co., Abu Dhabi-based Mubadala Development Co., Qatar Holdings LLC and Singapore-based Temasek Holdings Pte. about GM’s initial public offering, said one of the people, who asked not to be named because the discussions are private……………………………………….Full Article: Source

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