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Sovereign Wealth Funds Briefing - Categorized | Investment

Spanish ‘cajas’ eye Mideast funds to shore up the capital

Posted on 16 March 2011

From Gulf-times.com: The Spanish savings bank association (CECA) is “tremendously confident” Spain’s unlisted regional banks will get concrete offers of private capital before. The association has met Kuwait’s sovereign wealth fund, Kuwait Investment Authority, and Abu Dhabi’s wealth fund ADIA is the next stop on a tour of the Middle East, including Qatar and Dubai, to raise interest in the regional banks.
The association, representing Spain’s 17 regional banks, had received interest from investors on a tour of the Middle East and on a previous fund-raising tour to Asia, said Jorge Gil, managing director of CECA……………………………………….Full Article: Source


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