31.03.2015 - S.Korea sovereign wealth fund KIC may buy 19 pct of LA Dodgers -Yonhap
Korea Investment Corp (KIC), South Korea's sovereign wealth fund, is considering buying about 19 percent of the Los Angeles Dodgers baseball team for more than 400 billion won ($361.65 million), Yonhap reported on Monday. KIC is conducting due diligence with a view to possibly buying the stake from global investment and advisory firm Guggenheim Partners, the newswire service reported citing an unnamed investment banking source or sources. A KIC spokesman declined comment. A media official representing Guggenheim could not be reached for comment...............................................Full Article: Source
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