Archive | October, 2007

Multiple MoUs Signed Between Mubadala and South Korean Companies

Increasingly, Gulf institutional investors are bridging ties with East Asian companies. Mubadala Development Co, the UAE state-owned investor, inked four memoranda of understanding (MoU) with large South Korean firms. The countries are looking to increase economic and financial cooperation. The MoUs were signed on the side at the 1-day UAE-Korea Business Forum. MoUs Signed Mubadala […]

Sainsbury bid pending while QIA considers extra equity request but both sides optimistic

According to FT, “The outcome of Delta Two’s bid for Sainsbury rests in the Qatar Investment Authority [QIA]’s hands as the Qatari backer processes a request for GBP 500m of additional equity financing. This was said by people close to the situation on Tuesday. Sainsbury shares are down 6% to 547p since Friday’s announcement, but […]

Germany Prepares Veto Power Over Foreign Investors: report

According to the AFP, “The German economy ministry has prepared a draft law under which the government could block foreign investors that threatened “national security” or “public order,” a press report said Tuesday. The plan targets hedge funds, state-controlled sovereign wealth funds and foreign groups, and would give the government a veto over the purchase […]