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

Bahrain sovereign fund to raise more than $500mln by selling smelter stake

Posted on 25 October 2010

From Thecanadianpress.com: Bahrain’s sovereign wealth fund is looking to raise more than US$500 million by selling off a stake in the Gulf country’s aluminum smelter, one of the kingdom’s industrial engines.
The initial public offering announced Sunday by Bahrain Mumtalakat Holding Co. is the fund’s first major sale since it was set up four years ago to manage the island country’s state-owned businesses……………………………………….Full Article: Source


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