Mon, Sep 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 23.Mar 2012

Posted on 23 March 2012 by VRS |  Email |Print

CP2′s sale of 7.9% of toll road owner-operator Transurban this week for 631.3 million Australian dollars (US$669 million) was supported by Australia’s Future Fund and RARE Infrastructure.
In substantial notices lodged Thursday, Future Fund, a quasi-sovereign wealth fund said it has a stake of 6.78% while RARE Infrastructure said it lifted its stake to 8.17% from 5.03%………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

Outgoing Future Fund Chairman David Murray expresses surprise at the ‘cynical turn’ in the public debate about sovereign wealth funds in Australia. Yet his defence of the Future Fund is unconvincing and can only inspire scepticism about the role of such funds in enhancing Australia’s prosperity.
Murray says that “politicians routinely strip value off the future”. True enough, but the Future Fund does not solve this problem………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

China’s recent injection of US$30 billion (RM92.4 billion) into its sovereign wealth fund has fuelled speculation that it may snap up distressed assets in Europe as the continent’s debt crisis takes a toll on businesses.
Private equity (PE) practitioners, however, say the real opportunities lie in Southeast Asia, where favourable domestic trends are making the region an investment hot spot………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

Formula One (F1) motor racing series’ owners, CVC Capital Partners, are considering a partial flotation of the business on the Singapore stock exchange, which could raise anywhere between $1.5 billion to $10 billion for the company.
The UK based private equity firm also contacted officials from Singapore’s sovereign wealth fund, Temasek Holdings, to enquire if they were interested in purchasing a stake in their share, though neither party commented on the outcome………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

Qatar Holding has increased its stake in Vivendi, owner of the world’s largest music and video-game makers, as the Gulf state ramps up its investments in France.
The investment arm of the Qatari sovereign wealth fund purchased 5.6m shares in the Paris-based media conglomerate to increase its shareholding from 1.55 percent at the end of 2011 to two percent………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

The National Welfare Fund of Kazakhstan Samruk-Kazyn has started constructing the first residential building in Shymkent. CEO of the fund Umirzak Shukeyev attended the construction site. He said that the process is part of the “Affordable Housing 2020” program.
The buildings will have third-class comfort at medium expense. One square meter will cost $800 in regions and $1000 in Astana and Alma-Ata………………………………………..Full Article: Source

Posted on 23 March 2012 by VRS |  Email |Print

Defaulted Kazakh bank BTA said on Thursday that bondholders had approved two new creditor directors to serve on the bank’s board of directors, as the bank continues restructuring talks with its creditors.
The bank, Kazakhstan’s third largest by assets and majority owned by energy-rich Kazakhstan’s sovereign wealth fund, defaulted on a $2 billion bond in January. Its previous creditor directors left the board shortly before the default………………………………………..Full Article: Source

See more articles in the archive

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