Fri, Jul 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Dec 2012

Posted on 12 December 2012 by VRS |  Email |Print

India is all set to join an elite club of 30 nations that have sovereign wealth funds (SWF) by dipping into an estimated surplus of Rs. 2,50,000 crore with cash-rich public sector companies in addition to using a small chunk of foreign exchange reserves.
With only two months to go for the UPA government’s last budget before the next general election, details of the fund are still being stitched up. One option being considered is to create special instruments that public sector companies can invest in and use the funds raised from them to shop overseas………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

Malaysian state investor Khazanah Nasional Bhd is selling up to 60 million shares worth around 408 million Malaysian ringgit ($133 million)in the country’s largest electricity utility, Tenaga Nasional Bhd , according to a source familiar with the deal.
The sale will be priced at between 6.75 and 6.80 ringgit per share, said the source who declined to be named as the information was private. The selling price is about 1.7 to 2.5 percent lower than the stock’s closing price of 6.92 ringgit on Tuesday………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

China’s sovereign wealth fund sold a 6.9 percent stake in Goodman Group (GMG), Australia’s biggest industrial property trust, to raise about A$519 million ($547 million), according to two people with knowledge of the matter.
China Investment Corp. sold the 116.67 million shares at A$4.45 each and will retain a stake in Goodman of about 9.9 percent, said the people, declining to be identified as the details aren’t public. Goldman Sachs Group Inc. (GS) managed the share sale to local and foreign investors, the people said………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

China’s sovereign wealth fund CIC has reduced its stake in industrial property developer and manager Goodman Australia by 6.9%. Goodman Australia is part of Goodman Group, an international integrated property group that owns, develops and manages logistics and business space across continental Europe, the United Kingdom and the Asia-Pacific region.
CIC has sold $519.2 million worth of shares (116.7 million shares at $4.45 a share) to leave it with a 9.9% holding in Goodman Australia………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

China Investment Corp. (CIC) may be close to purchasing a sizeable chunk of Island Timberlands which owns about 260,000 hectares of private forest lands on Vancouver Island and the Sunshine Coast.
In November, the Wall Street Journal reported that CIC “is close to purchasing a 12.5 per cent stake in some timber assets in Canada from an infrastructure affiliate of Brookfield Asset Management Inc. for about $100 million………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

Qatar Holdings, the investment arm of Qater’s sovereign wealth fund, has been granted a $1 billion of quota to invest in China’s capital markets, China’s foreign exchange regulator said on Tuesday.
Official Chinese media reported in June Qatar was applying for a $5 billion quota in China’s Qualified Foreign Institutional Investor (QFII) scheme, the main channel for foreign investment in Chinese stock and bond markets………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

Qatar Investment Authority is awarded $1 billion in QFII quota, beating the previous high of $700 million, as China’s foreign exchange regulator hands out $2.5 billion to 11 firms in its latest batch. China’s foreign exchange regulator has smashed its record high for a single QFII quota as part of a fresh batch of awards amounting to almost $2.5 billion.
The State Administration of Foreign Exchange (Safe) has handed $1 billion to Qatar Holding, a subsidiary of sovereign wealth fund QIA, to invest in China’s domestic securities market………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

Qatar Investment Authority (QIA), the sovereign wealth fund that bought London’s Harrods department store in 2010 for US$2.22bn, has snapped up a second luxury property unit on Paris’s Champs-Elysées boulevard, according to reports in Europe.
French private equity fund LBO France has sold a luxury housing complex on the Parisian shopping avenue and QIA is believed to be the undisclosed buyer……………………………………….Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

The Committee for the Resuscitation of the Capital Market set up by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has recommended that the Sovereign Wealth Fund (SWF) should invest part of its funds in Nigerian equities market for the stability of the market.
In its report, obtained exclusively by THISDAY, the committee, which was chaired by the Central Bank of Nigeria’s (CBN) Deputy Governor in charge of Financial Stability, Dr. Kingsley Moghalu, advised that a major institutional investor like the SWF could help create stability since foreign institutional investors, which currently account for 70 per cent of the equities market, have contributed to its volatility………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

Despite of the ongoing litigation between the federal and state governments over the Excess Crude, the state governors are asking for the release of $1 billion from the account, to enable them to meet their contractual obligations in their various states.
Rising from a meeting in the Presidential Villa, Abuja, on Tuesday, under the National Economic Council (NEC) presided over by Vice-President Namadi Sambo, they resolved to seek the intervention of the Attorney-General of the Federation on the best way to achieve it without subverting the court process………………………………………..Full Article: Source

Posted on 12 December 2012 by VRS |  Email |Print

At the end of November the foreign exchange (FX) reserves of the National Bank of Serbia (NBS) stood at EUR 10.65 billion. The reserves covered money supply (M1) by 432 percent and more than seven months of imports of goods and services.
The main contribution to November growth in NBS foreign exchange reserves came from inflow in respect of the sale of Republic of Serbia securities on the international and domestic financial markets to the amount of EUR 663 million and through disbursement of loans and donations to the amount of EUR 30.3 million………………………………………..Full Article: Source

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031