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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Korean sovereign wealth fund buys Noble stake

Posted on 03 May 2011

Singapore-listed commodities giant Noble Group said yesterday that the South Korean sovereign wealth fund, Korea Investment Corp (KIC), had acquired slightly over 1 per cent in the company through a purchase from the owner.
The KIC bought 59.3 million shares in Noble from Hong Kong-based Noble Holdings, the statement said. Noble shares closed at S$2.23 on Friday and at that price the stake would be worth S$132.2 million. The Singapore market was closed yesterday for the Labour Day holiday……………………………………….Full Article: Source


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