Mon, Sep 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 20.Jan 2012

Posted on 20 January 2012 by VRS |  Email |Print

China Investment Corporation (CIC) is poised to buy a stake in the holding company that owns Thames Water, the water network that serves London, the Financial Times reported on Friday.
The newspaper cited one person familiar with the situation as saying China’s $410 billion sovereign wealth fund is close to agreeing the acquisition of up to 10 percent of the UK utility with its holding company Kemble Water………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

Global private equity fund TPG Capital and Singapore sovereign wealth fund GIC will invest about 750 million yuan ($115 million) in convertible bonds in Hong Kong-listed China sportwear brand Li Ning Co Ltd, the company said on Friday.
TPG has agreed to subscribe to 561 million yuan of convertible bonds from Li Ning, while GIC’s affiliate has agreed to subscribe to 189 million yuan of convertible bonds from the company, Li Ning said in a statement………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

Li Ning Co. said Thursday that it sold 750 million yuan ($119 million) in convertible bonds to U.S. buyout firm TPG Group and Singaporean sovereign-wealth fund Government of Singapore Investment Corp., as the Chinese sportswear maker grapples with tough competition and inventory problems.
The bonds, if converted, would give TPG a 7.6% stake in Li Ning, and would give the Singaporean fund, known as GIC, a 7.9% stake, up from its current 6% stake, according to a filing late Thursday with the Hong Kong Stock Exchange and a company spokeswoman. TPG would also get two board seats………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

India’s largest microfinance firm SKS appears to have a new investor joining the company’s list of backers. The Norwegian sovereign wealth fund – Government Pension Fund Global – figures among the list of prominent shareholders of the company. As per the latest disclosure, the sovereign wealth fund held 1.03 per cent in the microfinance firm as of December 31, 2011.
However, Government Pension Fund Global did not figure among the company’s shareholders till the quarter ended September 30, 2011………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

The National Fund of Kazakhstan, which was established on the instructions of the President of Kazakhstan in 2000, is called on to ensure effective distribution and use of revenues from natural resources.
The National Fund ensures accumulation of the funds for next generations as well as reduces the dependence of the national economy on the impact of external unfavorable factors………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

Khazanah Nasional Bhd will book a modest divestment gain from selling its 42.7% strategic stake in Proton Holdings Bhd for RM5.50 per share or a total cash consideration of RM1.29 billion.
Speaking to the media during Khazanah’s annual review, managing director Tan Sri Azman Mokhtar maintained that Khazanah’s entry cost into Proton in 2002 was lower than RM8 as reported………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

The Federal and state governments have finally agreed to withdraw the sum of $1 billion from the Excess Crude Account (ECA) into the Sovereign Wealth Fund Account.
Ngozi Okonjo-Iweala, Finance Minister and Co-ordinating Minister for the Economy, who disclosed this at the ongoing Investigative Public Hearing on Fuel Subsidy Management in Abuja , added that the total sum of $1.001 billion was accrued into the account domiciled with the Central Bank of Nigeria (CBN)………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

The Libyan government has no plans to inject fresh cash into its foreign investments, including Italian bank UniCredit, as it needs the money for reconstruction efforts, the country’s central bank Governor, Saddeq Omar Elkaber, said.
Elkaber said the government was working on creating an investor-friendly environment in Libya after it emerged in October from a nine-month civil war that ended the rule of dictator Muammar Qaddafi………………………………………..Full Article: Source

Posted on 20 January 2012 by VRS |  Email |Print

Qatar National Bank says is planning to buy a majority stake in Morocco-based lender Union Marocaine des Banques as it looks to expand its presence in Africa.
State-backed QNB said Wednesday the deal must still be approved by the UMB’s board and regulators. Financial details weren’t provided. Qatar’s sovereign wealth fund, the Qatar Investment Authority, controls QNB through a 50 percent stake………………………………………..Full Article: Source

See more articles in the archive

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930