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Sovereign Wealth Funds Briefing 10.Apr 2013

Posted on 10 April 2013 by VRS |  Email |Print

Gao Xiqing, the very funny and impressive vice-chairman and president of China Investment Corporation, got fed up with repeated mistakes by the moderator, a reporter from the Financial Times, who kicked off the roundtable by quoting grossly inaccurate figures about foreign investment into China and then proceeded to refer to CIC as “China Capital”.
That finally moved Gao, who was badgered throughout the long session to give up some inside information, to tell the moderator: “You must say “China Investment Corporation’ 500 times.”……………………………………….Full Article: Source

Posted on 10 April 2013 by VRS |  Email |Print

Eyeing returns in the long run, China’s sovereign wealth fund will focus more on infrastructure investment in Europe and the United States, the fund’s vice chairman and president said.
The abundant financial firepower of the China Investment Corporation, which nears $500 billion, makes it more suited to infrastructure investment, which requires massive funds but offers slower yields, Gao Xiqing said during an interview with Xinhua on the sidelines of the ongoing Boao Forum for Asia Annual Conference 2013 held in South China’s Hainan province………………………………………..Full Article: Source

Posted on 10 April 2013 by VRS |  Email |Print

US private equity giant KKR and other large American investors such as Blackstone Group, Carlyle Group, TPG Capital as well as Singapore investment giant Temasek Holdings are joining hands to bid more than US$12 billion (S$14.8 billion) for Life Technologies Corp, The New York Post reported on Tuesday, citing a person with knowledge of the matter.
Carlsbad, California-based Life Tech, which makes genetic testing equipment and products used in biotechnology development, in January hired Deutsche Bank to assist in its “annual strategic review,” opening the door to a possible sale………………………………………..Full Article: Source

Posted on 10 April 2013 by VRS |  Email |Print

Singapore’s sovereign wealth fund Temasek Holdings has set up a new investment unit that will focus on liquefied natural gas (LNG. The new unit, named Pavilion Energy, will be a wholly-owned unit with an initial capital of 1 billion Singapore dollars (800 million U.S. dollars), local Chinese daily Lianhe Zaobao reported.
The company plans to be operational by September. It will operated in North America, Europe, Asia, Africa and Australia and will make joint investments with its parent………………………………………..Full Article: Source

Posted on 10 April 2013 by VRS |  Email |Print

Shareholders of Indian wind and hydro developer Greenko have supported plans for a £100m ($151m) equity investment from the Singaporean government. The company held a special shareholder meeting where investors voted yes to the investment proposal by the Government of Singapore Investment Corporation (GIC).
AIM-listed Greenko has previously said that the funds will be used to accelerate the construction of attractive power opportunities in India by deployment of utility scale wind farms and Himalayan run-of-river hydro projects………………………………………..Full Article: Source

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