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Sovereign Wealth Funds Briefing 30.Jan 2012

Posted on 30 January 2012 by VRS |  Email |Print

The Qatar Investment Authority, the country’s sovereign wealth fund, has offered to buy Credit Suisse Group AG (CSGN)’s office headquarters in London, the Sunday Telegraph reported, without saying where it got the information.
The fund may have offered to buy the Swiss bank’s property at 1 Cabot Square in Canary Wharf in a sale and leaseback deal valued at about 330 million-pound ($519 million), the newspaper reported, without citing anyone………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

Qatar’s sovereign wealth fund Qatar Investment Authority (QIA), is in the final stages of acquiring Credit Suisse’s headquarters in London and may sign the deal in a few weeks, two sources familiar with the matter said.
“They’re working out the details now. It’s a matter of a few weeks,” one of the sources said, adding that the Qataris would pay 330 million pounds ($517 million) for the property, with a separate leaseback agreement to be put in place with Credit Suisse………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

Qatar National Bank says it remains in merger talks with the Turkish division of troubled Franco-Belgian lender Dexia, though no deal has been reached yet. Qatar’s sovereign wealth fund, the Qatar Investment Authority, controls QNB through a 50 per cent stake.
Chairman Yousef Kamal told reporters gathered for a bank meeting Sunday that the state-backed lender would consider taking over DenizBank if the price is right. He didn’t elaborate………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

Qatar’s finance minister, who is also the chairman of Qatar National Bank, said on Sunday QNB could buy Turkey’s Denizbank by year’s end if the ‘price is right’.
Sovereign wealth fund Qatar Investment Authority (QIA) is in the final stages of acquiring Credit Suisse’s headquarters in London and may sign the deal in a few weeks, two sources familiar with the matter said, in a deal which could be worth 330 million pounds ($517 million)………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

The $10 billion Russia Direct Investment Fund plans to announce three deals in the next month, the chief executive of the Russian government’s private-equity vehicle told MarketWatch in an interview on the sidelines of the World Economic Forum’s annual meeting.
The deals will be the first for the fund, which was created in June 2011 and will be capitalized with $10 billion from the Russian government over the next five years. It’s mandated to co-invest with international investors in an effort to attract investment to Russia………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

As the holder of the world’s largest foreign-exchange reserves - more than $3 trillion - China is in an enviable position to ride out the current economic downturn. It is also poised to play a major role in the recovery of the global economy, thanks to a wave of new investments, especially in the West.
Whereas China’s focus for the last decade was on securing natural resources, its focus has now shifted to infrastructure. This was signaled late last year by the chairman of the China Investment Corporation (CIC) Lou Jiwei when he announced that China was keen to form partnerships to develop Western infrastructure, beginning with Britain………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

The acquisition of a 75 per cent stake in Turkish healthcare provider Acibadem Saglik Yatirimlari Holding AS (ASYH) by Khazanah Nasional Bhd (Khazanah) and its subsidiary, Integrated Healthcare Holdings Sdn Bhd (IHH) sees the government’s investment holding arm achieving another major milestone with a strategy that focuses on healthcare.
“Five or six years ago, we have identified healthcare as a very important sector that brings together several values,” managing director Tan Sri Azman Mokhtar said………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

Kazakhstan’s sovereign-wealth fund, the majority owner of BTA Bank, said the need to inject funds into the lender, which is seeking a second debt restructuring in as many years, is “inevitable.”
This “won’t necessarily be a capital injection, other forms are possible,” Yelena Bakhmutova, deputy CEO of the fund, known as Samruk-Kazyna, told reporters in Astana today. The possibilities include less expensive government funding and higher coupons on Samruk-Kazyna bonds that the bank now holds, she said, without elaborating on the timing………………………………………..Full Article: Source

Posted on 30 January 2012 by VRS |  Email |Print

The New Mexico State Investment Council, manager of the state’s $14.4 billion sovereign wealth fund, released a new long-range strategy for its private equity portfolio that envisions committing around $400 million per year through 2016, according to a copy of the strategy released at the Council’s Jan. 24 meeting.
The strategy was prepared by the Council’s private equity consultant, LP Capital Advisors………………………………………..Full Article: Source

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