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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Credit Suisse hired to sell RBS’s Saudi Hollandi Bank stake

Posted on 09 November 2016

Credit Suisse has been appointed to sell Royal Bank of Scotland’s 40 percent stake in Saudi Hollandi Bank 1040.SE, sources aware of the matter said on Tuesday, in a deal potentially worth around $1.2 billion.
Several sources said Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), was considered a likely buyer of the stake. The fund has been buying up assets at home and abroad following plans to turn it into the world’s largest sovereign wealth fund with $2 trillion of assets…………………………………….Full Article: Source


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