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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

FTSE miners face Kazakh power grab

Posted on 07 October 2010

From Telegraph: The Kazakh sovereign wealth fund yesterday raised its stake in Kazakhmys to 26pc, netting the miner’s chairman, Vladimir Kim, £850m for an 11pc stake.
The government will be Kazakhmys’s largest shareholder if Mr Kim goes through with a plan to list a further 4pc of the £7.64bn copper miner in Hong Kong……………………………………….Full Article: Source


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