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Sovereign Wealth Funds Briefing 17.Jan 2012

Posted on 17 January 2012 by VRS |  Email |Print

Sheikh Hamed Bin Zayed Al NahyanThe world’s largest sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), with investible funds of more than $600 billion (Rs 30,60,000 crore), has decided to invest in India’s ambitious Delhi-Mumbai Industrial Corridor (DMIC) and other infrastructure projects.
ADIA will set up either a wholly-owned subsidiary or a joint venture with Indian financial institutions such as IDFC or IL&FS for long-term investment in infrastructure………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the UAE, on Monday expressed “keen interest” in increasing investment in India, especially in infrastructure. “This is an opportunity to enter this huge market,” said Sheikh Hamed Bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority, who is on a visit here.
Hamed discussed the investment opportunities with Commerce and Industry Minister Anand Sharma. “We will be very happy to see your participation in India’s infrastructure building,” Sharma said………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

Qatar is planning to pour $1 billion of investments in the Philippines’ food, mining, real estate, petrochemical and steel industries, according to Trade Undersecretary Cristino Panlilio.
Panlilio said a $1 billion Investment Fund Agreement will be part of the mutual protection of investments agreement and avoidance of double taxation agreement to be signed by the Department of Trade and Industry and the Qatari Investment Authority (QIA) during the visit………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

Malaysian sovereign wealth fund Khazanah Nasional Bhd is selling its 42.7-per cent stake in domestic car maker Proton Holdings Bhd to conglomerate DRB-Hicom for $411.9 million.
In a statement today, Khazanah said the decision was made following due deliberation and detailed evaluation of various proposals in order to bring the national auto maker to the next level of strategic growth in line with the industrial development of the national automotive sector………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

Khazanah Nasional Bhd has announced that it will divest its 42.74 per cent stake in Proton Holdings Bhd (Proton) to DRB-Hicom Bhd (DRB-Hicom) via a conditional sale with a price consideration of RM5.50 per share or RM1.291 billion.
In a statement yesterday, Khazanah said the decision was made following due deliberation and detailed evaluation of various proposals to ensure that due process was observed, proper financial value was received and that the new shareholder would be able to bring the national auto maker to the next level of strategic growth in line with the aspirations of the industrial development of the national automotive sector………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

The government of Singapore held a stake of just over 1 percent in Reliance Industries , the energy-based conglomerate controlled by Mukesh Ambani, India’s richest person. Reliance is India’s most valuable company, and the Singapore government’s stake would be worth about $498 million based on the company’s Monday closing price.
Singapore operates two of Asia’s biggest sovereign wealth funds, the Government of Singapore Investment Corp, known as GIC, and Temasek Holdings………………………………………..Full Article: Source

Posted on 17 January 2012 by VRS |  Email |Print

The National Pensions Reserve Fund (NPRF) has seen its assets under management fall by €8bn over the past year, with its holdings in two troubled Irish banks to blame for the 36% decline in value.
However, despite the negative overall return, the fund’s discretionary portfolio – still controlled by the NPRF Commission, unlike the directed portfolio targeted at recapitalising Bank of Ireland (BoI) and Allied Irish Banks (AIB) – earned a preliminary return of 1.6%, outperforming Irish managed pension funds, according to the fund’s own estimates………………………………………..Full Article: Source

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