Friday SWFI News Roundup, May 1, 2015

Abu Dhabi Investment Council Decreases Ownership in Canadian Retailer

Abu Dhabi Investment Council (ADIC), through its sovereign wealth enterprise Hanover Investments (Luxembourg) S.A., sold off shares of Hudson’s Bay Company at a price of $27.25 per common share. This is approximately 5.8% of the outstanding common shares on a non-diluted basis pursuant to a secondary offering. This deal happened on April 28, 2015. Following the offering, ADIC owns approximately 14.8% of the outstanding common shares on a non-diluted basis in Hudson’s Bay Company. ADIA and Ontario Teachers’ Pension Plan (OTPP) took in US$ 363.5 million from the secondary sale.

Singapore’s GIC Gets RQFII Quota

China’s foreign currency regulator, the State Administration of Foreign Exchange (SAFE), granted Singapore’s GIC a 5 billion yuan (US$ 800 million) quota. Vanguard’s Australian investment arm was granted a 10 billion yuan quota. In total, SAFE granted 30 billion yuan of investment quota to 11 funds through its Renminbi Qualified Foreign Institutional Investor (RQFII) program.

Temasek Looks Into Solusi Tunas Pratama

Singapore’s Temasek Holdings is rumored to be investing in a secondary share issue of PT Solusi Tunas Pratama. Solusi is a listed telecommunications tower operator partly owned by private equity firm Carlyle Group.

CPPIB and GIC in Talks for 02 and Three Holding Company Deal

The Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC Private Limited, which are in the 2014 top 10 of being the most active direct public investors according to the Sovereign Wealth Fund Transaction Database, are nearing a deal to buy a minority stake in a holding company that owns O2 and Three. In March, Li Ka-shing’s Hutchison Whampoa bought Spain-based Telefonica SA’s O2 unit for £10.25 billion – an initial sum of £9.25 billion in cash. The rest is to be paid contingent on set financial targets.

ADIA and Others Sue Norway Over Gassled Tariff Issues

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