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Sovereign Wealth Funds Briefing 15.Aug 2014

Posted on 15 August 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 per cent stake in Brazilian education services company Abril Educacao. GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market.
Based on Abril’s latest closing share price, the stake is worth about US$265 million (S$330 million). Funds managed by Brazilian buyout firm Tarpon Investimentos in June also took a significant stake in Abril……………………………………….Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

Singapore investment company Temasek Holdings has bought US-listed stocks in Chinese consumer and technology firm JD.com Inc and security software maker Cheetah Mobile in the second quarter, according to a Bloomberg report.
Citing a filing with the US Securities and Exchange Commission, Temasek - directly or via its units - acquired 602,139 American Depositary Receipts (ADRs) of e-commerce site JD.com with a market value of US$17.2 million, Bloomberg said. It also purchased a net 603,764 ADRs in Cheetah Mobile, worth US$12.8 million………………………………………..Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

Temasek Holdings Pte, Singapore’s state-owned investment firm, purchased U.S.-listed stocks in Chinese technology and consumer firms backed by the country’s billionaires as it diversifies away from bank holdings.
Temasek, directly or through its units, bought 602,139 American depositary receipts of China’s second-largest e-commerce site JD.com Inc. (JD:US) with a market value of $17.2 million, according to a filing yesterday with the U.S. Securities and Exchange Commission………………………………………..Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

Khazanah Nasional Bhd’s bid to buy up shares in troubled national carrier Malaysian Airline System Bhd (MAS) it does not already own for 27 sen a piece represents a good exit opportunity for minority shareholders, analysts said.
Major shareholder Khazanah last Friday, announced that it plans to take MAS private in a bid to restructure the company away from the public eye. It had said that the de-listing is the first part of a detailed restructuring plan likely to be finalised by the end of the month………………………………………..Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

Police are guarding the New Zealand Superannuation Fund building in downtown Auckland as pro-Palestinian protesters gather outside. ONE News reporter Helen Castles understands six activists are inside and have chained themselves to an office on level 12.
Staff have been told the building is in lockdown. The protesters are chanting ‘Occupy’ and ‘Free Palestine’. Earlier this week there were calls for the Super Fund to drop its shareholding in an Israeli chemical company that produces a lethal chemical allegedly used in fighting in Gaza………………………………………..Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

The Timor-Leste Petroleum Fund had a balance of US$16.6 billion at the end of June, compared to US$15.7 billion at the end of last March, the Central Bank of Timor-Leste announced on Wednesday in Dili. A Central Bank press release concerning the second quarter of the year indicated that gross capital inflows rose to US$1.084 billion, of which nearly US$700 million was due to royalty payments from the National Petroleum Authority.
The Fund’s return on investments was about US$413 million, with US$119.45 million referring to the entry of dividends and US$311.60 million to interest, as a consequence of changes affecting the market value of securities held on 30 June 2014, states the text………………………………………..Full Article: Source

Posted on 15 August 2014 by VRS |  Email |Print

Tanzania’s government is forming a special unit to monitor its natural resource revenues from major gas discoveries that promise to lift the country from poverty and free it from dependency on foreign aid in the coming decades.
The east African nation has enough natural gas, more than 50.5 trillion cubic feet discovered so far, to provide energy independence and bring significant export revenues. But Tanzania lacks experience in exploiting oil and gas, so relies on contracts with foreign companies such as Statoil of Norway and ExxonMobile to develop its immense offshore finds………………………………………..Full Article: Source

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