Friday SWFI News Roundup, April 22, 2016
Volkswagen Doubles Provisions to Pay for Emissions Scandal
Volkswagen AG, which is backed by many institutional investors such as the Qatar Investment Authority (QIA), has doubled provisions to pay for the emissions-cheating scandal. The new amount is €16.2 billion compared to the older amount of €6.7 billion.
CIC Hungers for Fried Chicken
An investment group backed by the China Investment Corporation (CIC), which includes, Baring Private Equity Asia and KKR & Co., is interested in acquiring a majority stake in Yum! Brands Inc.’s China business. Other bidders for the business unit include Temasek Holdings and Primavera Capital Ltd.
Norway SWF Sells Off Two Spanish Logistics Properties
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