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Sovereign Wealth Funds Briefing 05.Jul 2011

Posted on 05 July 2011 by VRS |  Email |Print

Bob GreifeldA Middle Eastern investor with a blocking stake in the London Stock Exchange would torpedo any takeover that crystallises a loss on its investment. The Qatar Investment Authority, which bought into the LSE in September 2007 at around £15 a share, will not accept a deal to sell the exchange for less than this figure. It currently owns 15.1pc of the exchange.

‘The Qataris are long-term investors who have been supportive of the board,’ said a source close to the sovereign wealth fund controlled by the Qatar royal family……………………………………….Full Article: Source

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Posted on 05 July 2011 by VRS |  Email |Print

Allens Arthur Robinson (Allens) has advised the real estate arm of Government of Singapore Investment Corporation, GIC Real Estate Pte Ltd, on the establishment of an industrial logistics joint venture with Australian residential, commercial and industrial property developer Australand.

The joint venture, which has a target investment value of about $450 million, involved GIC acquiring from Australand an 80.1 per cent indirect interest in an initial portfolio of eight premium industrial assets, sourced from Australand’s existing portfolio. (Press Release)

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Posted on 05 July 2011 by VRS |  Email |Print

China’s sovereign wealth fund and financial firm Citibank are reportedly interested in buying a stake in social network Facebook.
An anonymous investment fund source — who had previously bought shares of Facebook from insiders — told the Business Insider that the China Investment Corp (CIC) is positioning itself to possibly buy a sizable stake in Facebook. Additionally, the business news website reported that Citibank is also reportedly trying to obtain as much as $1.2 billion worth of Facebook stock on behalf of two sovereign wealth funds - one from China and another from the Middle East……………………………………….Full Article: Source

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Posted on 05 July 2011 by VRS |  Email |Print

Amid the reality that Facebook remains a non-entity in China, blocked by the country’s Internet censorship regime during riots in Xinjiang in 2009. Beijing has since eyed social networking suspiciously, also barring Twitter but using a lighter hand to control China’s popular micro-blogging site Weibo.
Rumors have swirled around China and Facebook for months, but nobody is yet talking……………………………………….Full Article: Source

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Posted on 05 July 2011 by VRS |  Email |Print

Two Qantas executives banned from leaving Vietnam for more than six months were freed last year after the airline agreed to a secret ”commercial package” with the investment arm of the country’s government.
Three days before they were allowed to leave, Qantas and Vietnam’s State Capital Investment Corporation (SWF) ”reached agreement on a commercial package that would also count as mitigation under Vietnamese law, so allowing the travel restrictions … to be lifted”……………………………………….Full Article: Source

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Posted on 05 July 2011 by VRS |  Email |Print

Brazil’s foreign-currency reserves increased $2.76 billion in June compared with the previous month as the monetary authority continue dollar purchases in the foreign-exchange market, according to figures published on the central bank’s website on Monday.

Foreign reserves totaled $335.77 billion as of June 30, up from $333 billion at the end of May. In the first half of the year, reserves grew by $47.3 billion……………………………………….Full Article: Source

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