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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Oman sovereign wealth fund buys into Spanish manufacturer Escribano

Posted on 01 November 2016

Oman’s State General Reserve Fund (SGRF) agreed to buy 32.2 percent of Mecanizados Escribano, a family-owned Spanish company making precision mechanical components for the aerospace, defence and other sectors, the sovereign fund said on Monday.
The deal is part of a drive by Oman to use its sovereign fund assets to help diversify the economy beyond oil and gas exports; under the deal, Escribano will set up a local manufacturing entity in Oman, although details were not given………………………………………Full Article: Source


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