Sat, May 15, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 11.May 2015

Posted on 11 May 2015 by VRS |  Email |Print

Ousted chairman of Libyan Investment Authority challenges London legal proceedings over disputed losses from Gaddafi era. Libya’s billion-dollar lawsuit against Goldman Sachs has been dealt a fresh setback as a power struggle at the top of its $67bn wealth fund sees two rival law firms pitted against each other in the London courts.
The Libyan Investment Authority (LIA), the oil-rich nation’s sovereign wealth fund, is suing Goldman and Societe Generale, the French financial giant, in separate UK lawsuits worth a combined $3.3bn (£2.1bn), claiming the LIA lost billions at the banks’ hands during the Gaddafi era………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Singapore sovereign wealth fund GIC is set to invest £1.1 billion (S$2.2 billion) in British mobile phone giants O2 and Three. GIC is teaming up with four other institutional investors to acquire one-third of the two telcos - which are poised for a mega merger - in a deal worth £3.1 billion in total.
The seller is Hutchison Whampoa, controlled by Hong Kong tycoon Li Ka Shing. The other institutional investors are the Canada Pension Plan Investment Board, Canadian public pension fund Caisse de depot et placement du Quebec, a subsidiary of the Abu Dhabi Investment Authority and Brazilian investment bank BTG Pactual……………………………………….Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Hutchison Whampoa, Asian billionaire Li Ka-shing’s acquisitive conglomerate, has revealed that Singapore and Abu Dhabi’s sovereign wealth funds are among investors paying up to £3.1 billion ($6bn) for a third of the Hong Kong company’s soon-to-be-enlarged British mobile operations.
The stake sale is in line with Hutchison’s strategy of using as little debt as possible to pay for acquisitions, which have accelerated this year in Europe. Earlier this year, Hutchison, already owner of British wireless company Three, said it was buying British mobile-phone operator O2 from Spain’s Telefonica for £9.25bn, plus up to £1bn later if the newly combined company meets cashflow targets. The stake sale will reduce Hutchison’s outlay by a third………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Two sovereign-wealth funds, two pension funds and an investment bank will put up as much as $4.7 billion. Hutchison Whampoa, Asian billionaire Li Ka-shing’s acquisitive conglomerate, said Friday that Singapore and Abu Dhabi’s sovereign-wealth funds are among investors paying up to £3.1 billion ($4.7 billion) for a third of the Hong Kong company’s soon-to-be enlarged British cellphone operations.
The stake sale is in line with Hutchison’s strategy of using as little debt as possible to pay for acquisitions, which have accelerated this year in Europe. Earlier this year, Hutchison, already owner of U.K. wireless company Three, said it was buying U.K. mobile-phone operator O2 from Spain’s Telefonica SA for £9.25 billion, plus up to £1 billion later if the newly combined company meets cash-flow targets. The stake sale will reduce Hutchison’s outlay by a third………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Russia’s sovereign wealth fund will join China Construction Bank Corp. to deliver as much as $25 billion in loans as western sanctions push President Vladimir Putin to look to Asia for financing. China Construction Bank will provide 85 percent of loans each totaling as much as $1.5 billion, with the Russian Direct Investment Fund lending the other 15 percent, RDIF Chief Executive Kirill Dmitriev said in a phone interview.
RDIF is a unit of Vnesheconombank, the state development bank. “In essence, we guarantee a part of the loan,” Dmitriev said. As many as 70 of Russia’s largest companies could borrow under the plan, he said………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

China and Russia agreed to launch a $2 billion investment fund to develop agricultural projects in the two countries and set up a free-trade zone between their key farming belts, the state-backed Russian Direct Investment Fund said Friday.
The move broadens China’s search for a diverse global breadbasket to supply its sharply rising demand for food. It marks a sharper pivot toward Russia and accelerates a drive that has seen the Asian giant spend billions of dollars to acquire food-producing companies abroad as well as cultivate farming producers like Argentina and Ukraine………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Chinese travel website Tuniu said it sold $500 million worth of new shares to a group of investors led by Nasdaq-listed JD.com, the country’s second largest e-commerce site. JD.com will invest $350 million – purchasing shares at $5.33 each – and the deal will see it become the largest shareholder in the travel website at 27.5 per cent. The other investors in the round include, affiliates of Ctrip, DCM, Hony Capital, Sequoia and Singapore state fund Temasek Holdings.
“As part of the agreements, JD.com Inc. will purchase a total of $350 million newly issued Class A ordinary shares of Tuniu through a combination of $250 million in cash and $100 million in resources as part of the two companies’ jointly announced strategic agreement………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Sovereign wealth funds and large public institutional investors have chosen to invest a clear majority of their capital directly into the United Kingdom in the last twelve months from March 31, 2015. The UK takes the top position in Europe for inbound direct investment by public institutional investors, totaling US$ 28.4 billion in the Sovereign Wealth Fund Transaction Database.
Primarily looking at sovereign wealth funds for the same 12-month period, US$ 21.1 billion was invested in the UK. Specifically, sovereign funds have been drawn to institutional-quality real estate in London and other metropolitan areas. When thinking about sovereign funds investing in London properties, many professionals highlight the Qatar Investment Authority – Canary Wharf transaction. Yet, there is a property deal that didn’t receive ample coverage from financial media back in August 2014………………………………………..Full Article: Source

Posted on 11 May 2015 by VRS |  Email |Print

Sovereign wealth funds are set to become more influential real estate investors, according to research by Preqin. Research for the firm’s sovereign wealth fund review found that 84% of SWFs were below their target allocations to the asset class.
Preqin cited potential for “significant inflows into real estate” as SWFs invest more towards their strategic targets and seek more globally diversified portfolios. Andrew Moylan, Preqin’s head of real assets products, said: “Their large assets under management make SWFs increasingly important sources of capital for the real estate asset class.”……………………………………….Full Article: Source

See more articles in the archive

banner
banner
banner
banner
May 2021
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31