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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment

Abu Dhabi Aabar commits $850 mln to Glencore IPO: term

Posted on 05 May 2011

Abu Dhabi’s Aabar Investments has committed to invest $850 million in Glencore International AG’s $10 billion initial public offering (IPO), becoming the biggest cornerstone investor in the offering, according to a term sheet seen by Reuters on Wednesday.

Government of Singapore Investment Corp (GIC), which is already a Glencore bondholder, has injected $400 million into the IPO, making the Singapore fund the second-biggest cornerstone investor……………………………………….Full Article: Source


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