15.06.2009 - SWFs back BlackRock move to acquire Barclays Global Investors
From Telegraph.co.uk: Three sovereign wealth funds have emerged as the mystery backers who are making possible BlackRock's $13.5bn (£8.2bn) proposed acquisition of Barclays Global Investors. The Kuwait Investment Authority (KIA), the Government of Singapore Investment Corporation (GIC) and the China Investment Corporation (CIC) contributed $2.8bn of the $6.6bn cash element of the deal that will create the world's largest money manager and was first reported in the Sunday Telegraph........Full Article: Source