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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Sovereign wealth funds fight over Parkway

Posted on 31 May 2010

From Moneycontrol.com: Fortis may be keeping its cards close to its chest on Khazanah’s offer for a higher stake in Parkway. But spectators are sure of one thing: The battle for Parkway is being fought between two sovereign wealth funds, and it is poised for a nail-biting finish, reports CNBC-TV18’s Sajeet Manghat.

It’s a proxy war between Singapore and Malaysia, and India has become the battle ground. Two sovereign wealth funds — Singapore’s GIC, and Malaysia’s Khazanah — are locking horns, each eyeing a majority stake in Parkway…………………………………….Full Article: Source


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