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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Glencore float to have backing from sovereign wealth funds

Posted on 29 April 2011

China Investment Corporation (CIC), Temasek of Singapore, and Korea Investment Corporation have agreed to underpin the Glencore IPO, say City pundits.
Glencore has lined up a number of Asian sovereign wealth funds as “cornerstone investors” for its flotation on the London and Hong Kong stock exchanges next month, with the commodities company looking for a market price tag of up to $73bn (£44bn)……………………………………….Full Article: Source


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