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Sovereign Wealth Funds Briefing 03.Jan 2013

Posted on 03 January 2013 by VRS |  Email |Print

Azerbaijani President Ilham Aliyev has approved the budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2013, the State news agency AzerTAj informed. According to the approved budget, SOFAZ revenues for 2013 are estimated at 11.482 billion manat with expenses at 13.403 billion manat.
According to the revenue side of the budget for this year, the net proceeds from the sale of hydrocarbons are provided at a rate of 11.171 billion manat; acreage payments to investors is 1.833 million manat, income from transportation of oil and gas through Azerbaijan 9.223 million manat, income derived from the placement and management of the Fund’s assets 287.448 million manat……………………………………….Full Article: Source

Posted on 03 January 2013 by VRS |  Email |Print

In November Abu Dhabi-based asset manager Invest AD launched a fixed income fund that will focus on Africa as well as the Middle East. Along with Morocco’s Attijariwafabank, it also said it would launch a fund to invest in African companies listed on stock markets.
Qatar’s Hassad Food, an arm of the country’s sovereign wealth fund, agreed in 2009 on a $1-billion farmland development joint venture with the government of Sudan………………………………………..Full Article: Source

Posted on 03 January 2013 by VRS |  Email |Print

Qatar Holding has received European Union approval for its purchase of a stake in London’s Heathrow Airport. The total deal, worth US$1.45 billion (Dh5.32bn) will see a further 10.62 per cent of Heathrow Airport Holdings (HAH), formerly BAA, transferred from Spanish infrastructure firm Ferrovial to the Qatari global investment house, part of the country’s sovereign wealth fund, the Qatar Investment Authority.
Agreement was reached on the deal in August and only awaited a ‘green light’ from the EU’s competition authorities. As part of this same transaction, Qatar Holding also acquired stakes of 5.63 per cent of Ferrovial’s Heathrow holding company, FGP Topco, from another of Heathrow’s shareholders, Britannia Airport Partners. The Qataris also acquired 3.75 per cent from another shareholder, GIC (Government of Singapore Investment Corporation)………………………………………..Full Article: Source

Posted on 03 January 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund (SWF) investment in abroad has reached QR163.8bn in 2012. The country’s 2012 foreign investment is $32bn higher than the previous year, Al Sharq reported.
Apart from the Arab region, Qatar made major investments in Singapore, France, UK, Italy, Switzerland, the US, Vietnam, Iraq, Netherlands, Turkey, Bulgaria, Germany, China and Malaysia in 2012. Qatar invested in a wide range of sectors in 2012, including in hotels, resorts, petrochemicals, power plants, oil companies, banks and financial institutions, fashion, mining, media and communications, roads, transportation and sports in these countries………………………………………..Full Article: Source

Posted on 03 January 2013 by VRS |  Email |Print

Paris looks to steal a march on London as the key target for chinese property investors. After China Investment Corp, the country’s $410-billion (313 billion euros) sovereign wealth fund, bought Deutsche Bank’s headquarters in London for a reported $403 million, the French capital stepped up its efforts to lure Chinese investors interested in the European commercial real estate market.
“We have one competitor in Europe, which is London,” said Benoit du Passage, chairman and CEO of the real estate company Jones Lang LaSalle France and Southern Europe……………………………………….Full Article: Source

Posted on 03 January 2013 by VRS |  Email |Print

LeapFrog Investments, a US-based private equity (PE) firm, is betting big on the Indian insurance sector. LeapFrog, which has made two deals in India so far, appointed Michael Fernandes, former India head of Khazanah Nasional, as partner (Southeast Asia), in December 2012.
At Khazanah Nasional, the sovereign wealth fund of the Malaysian government, Fernandes was responsible for over $700 million of direct investments in India, including Yes Bank and L&T Finance………………………………………..Full Article: Source

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