06.08.2014 - SWF buys hit near-decade level
Acquisitions by global sovereign wealth funds (SWF) total US$15.2 billion in 2014 YTD, down 4 percent from 2013 year-to-date (US$15.7 billion) and the lowest YTD level since 2005 (US$8.5 billion), according to figures from data specialist Dealogic. Singapore is the top acquiring nation for SWF acquisitions with US$8.8 billion in 2014 YTD, up 69 percent from 2013 YTD and the highest YTD level since 2009 (US$10.8 billion). China and United Arab Emirates follow with US$2.6 billion and US$1.5 billion, respectively. Temasek Holdings' US$5.7 billion acquisition of a 25 percent stake of AS Watson Holdings announced in March is the largest global SWF M&A deal in 2014 YTD and the eighth-biggest global SWF M&A transaction on record...............................................Full Article: Source
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