Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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

Abacus signs agreement with sovereign wealth fund to pursue large oil acquisitions

Posted on 14 October 2010

From Edmontonjournal.com: Toronto-based Abacus Private Equity announced Wednesday it has signed a deal with a sovereign wealth fund client to find and purchase oil or oilsands companies or assets worth $1-billion-plus.
Chief investment officer Jean-Marc Bougie said the partnership deal will allow Abacus to buy in on the resulting purchase or joint venture agreement at a lower level than that taken by the sovereign fund. “We have an agreement with a sovereign wealth fund — so effectively extremely deep pockets — and the mandate we have with them is to identify $1-billion-plus oil plays where the objective would be to either take a participation or outright purchase of the entities or assets,” he said……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15018 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031