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Sovereign Wealth Funds Briefing 13.Mar 2012

Posted on 13 March 2012 by VRS |  Email |Print

Malaysia’s sovereign wealth fund, Khazanah Nasional, has sold its little more than 4 percent holding in India’s private sector lender Yes Bank for about $105 million, two sources with direct knowledge of the deal said on Monday.
Khazanah sold the shares of Yes Bank in stock market block deals on Monday, said the sources, who did not want to be named as the information is not public yet. Credit Suisse was the sole bookrunner for the deal, the sources said………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Rana KapoorMalaysia’s state investment arm, Khazanah Nasional, on Monday sold its entire holding in private sector lender YES Bank for about $110 million through block deals.
As on December 2011, Titiwangsa Investments Mauritius, an investment arm of Khazanah, held 14.7 million shares in Mumbai-based YES Bank. Khazanah had purchased the shares through secondary market in 2007 and had monetised its entire holding of 4.17 per cent, at approximately two-and-a-half times their original investment value,” YES Bank said in statement………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Abu Dhabi’s move to merge builders Aldar Properties and Sorouh Real Estate is geared towards shoring up sovereign wealth fund Mubadala and stabilising the emirate’s brittle real estate market.
Bankers say that a deal is likely to be effected through a share swap, which would dilute Mubadala’s sizeable stake in Aldar, a developer hit by stagnant sales and falling asset prices, and improve its ability to tap capital markets………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Two months before the Sovereign Wealth Fund (SWF) becomes operational, KPMG, one of the world leading management consultants enlisted by the Federal Government to shop for suitable candidates to manage the SWF has shortlisted 16 technocrats for the positions of the chief executive officer, chief investment officer and chief risk officer.
A source inside the Ministry of Finance (MoF) who spoke with Leadership in a telephone interview under anonymous condition said 700 applicants had responded to the adverts placed by KPMG on local and international media.He however refused to mention the names………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Chinese authorities have granted Kuwait Investment Authority (KIA) an initial $300 million quota to buy yuan-denominated stocks and bonds, enabling it to diversify its assets, state news agency KUNA reported.
The Gulf state’s sovereign wealth fund can initially invest up to $300 million in mainland China’s securities market as a qualified foreign institutional investor (QFII), according to an announcement by China’s State Administration of Foreign Exchange (SAFE), KUNA said………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Prominent African private equity firm Kingdom Zephyr is in talks with investors on the future of its $490 million fund after the departure of its rainmaker forced the closure of its South African office, according to sources familiar with the matter.
The fund’s investors, or limited partners, include Temasek Holdings, the Singapore sovereign wealth fund. Temasek has been pushing to take over the fund, said the other individual with knowledge of the issue………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Korea and Qatar have agreed to seek joint construction projects in third countries, by combining Korea’s building sector prowess with Qatar’s large national fund, the Land Ministry said Monday.
Under the agreement, Qatar will use its sovereign wealth fund to help finance overseas construction projects secured by South Korean companies………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

Leading American and Chinese investors told Prime Minister Yingluck Shinawatra they will increase their investment in Thailand, and urged Bangkok to eliminate trade barriers to promote more spending in the country.
The assurance came after the PM’s successful visit to Japan last week. On Monday, she welcomed Jin Liqun, supervising chairman of China Investment Corp, China’s sovereign wealth fund, plus a group of American investors………………………………………..Full Article: Source

Posted on 13 March 2012 by VRS |  Email |Print

KazMunaiGaz National Co., Kazakhstan’s state energy producer, will raise $2.5 billion selling bonds to the National Oil Fund (KAIRNOF) in 2013, removing the need to borrow abroad this year.
KazMunaiGaz (KMGZ) is in talks with the government about the interest rate, the Astana-based oil and gas producer said by e-mail today. The company will sell a second tranche of bonds to borrow $1.5 billion from the oil fund in 2015, it said………………………………………..Full Article: Source

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