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Sovereign Wealth Funds Briefing 21.Dec 2011

Posted on 21 December 2011 by VRS |  Email |Print

Temasek Holdings Pte., Singapore’s state-owned investment company, increased its stake in Mosaic Co. to become the biggest shareholder of North America’s second- largest fertilizer producer.
Temasek owns 17.9 million shares in Mosaic, according to a filing with the U.S. Securities and Exchange Commission made public today. The investment company owned 108,026 Mosaic shares as of Sept. 30, according to a Nov. 14 filing. Temasek now owns 5.9 percent of the Plymouth, Minnesota-based company, according to data compiled by Bloomberg………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Bodo UebberChina Investment Corp, the country’s US$300-billion sovereign wealth fund, is likely to buy a 5% to 10% stake in Daimler AG, the world’s second-largest maker of luxury cars, a German magazine reported.
The German automaker is looking for a Chinese investor that could purchase up to 10% stake in it, said the magazine, adding that CIC is most likely to be the buyer. Bodo Uebber, Chief Financial Officer of Daimler, has hired an investment bank to handle the potential transaction, said the magazine………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Sovereign wealth fund China Investment Corp. (CIC) will join with Global Logistic Properties (GLP) to acquire 15 storage facilities in Japan, with a total value of $1.6 billion.
Global Logistic said it will set up a 50-50 joint venture with CIC to purchase warehouses which have a total area of 771,000 square meters and are mostly located in Tokyo and Osaka. The facilities are currently owned by LaSalle Investment Management, a division of global real estate service provider Jones Lang LaSalle. GLP will be responsible for managing these assets after the acquisition, it said………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Khazanah Nasional Bhd has struck a deal with the Turkey’s largest private hospital chain, the Acibadem Group, to buy a 75% stake in the healthcare provider.
According to a news report by Balkans.com, the deal was reached between Khazanah’s healthcare unit Integrated Healthcare Holding (IHH) and Acibadem’s Dubai-based owners, Abraaj Capital.“Acibadem owners, Dubai-based Abraaj Capital, and founder Mehmet Ali Aydinlar agreed to a transfer of a 60% stake to IHH and 15% equity interest to Khazanah, according to an application made to the Turkish Competition Authority,” reported Balkans.com, an online business news portal………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Troubled Franco-Belgian bank Dexia Group said Tuesday it has sold its Luxembourg subsidiary to Qatari investment fund Precision Capital and the state of Luxembourg for €730 million ($950 million).
Precision, which backed by the Qatari royal family, will hold a 90 per cent stake in Dexia Banque Internationale a Luxembourg, while the state of Luxembourg is buying the remaining 10 per cent, Dexia said in a statement………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Christine Lagarde makes first visit to Africa since becoming managing director of the IMF; hails creation of Nigerian sovereign wealth fund as an “important advancement”
In her first visit to Africa since her appointment, Christine Lagarde, managing director of the International Monetary Fund (IMF) on Tuesday discussed the challenges Africa faces in today’s world economic situation………………………………………..Full Article: Source

Posted on 21 December 2011 by VRS |  Email |Print

Visionary management of the nation’s natural resources, along with pragmatic sectoral regulation and focus on preserving financial stability and improving access to credit, can insulate Nigeria from global risks, says the Intertnational Monetary Fund (IMF).
Christine Lagarde, managing director of the IMF listed three aspects of the agenda which she considers critical, as including the establishment of the Sovereign Wealth Fund, (SWF), prudent management of natural resource revenues, diversification of the economy, enactment of policies that promote macroeconomic stability and regulatory practices that preserve financial stability………………………………………..Full Article: Source

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