Archive | April, 2010

Barclays profits, seems like good investment for MENA SWFs

According to the AFP, “Barclays survived the international credit crunch without government support unlike rival British banks that were bailed out by the taxpayer. Instead, the group won a seven-billion-pound capital injection largely backed by Abu Dhabi and Qatar. Abu Dhabi has since sold most of its holding, while Qatar’s sovereign wealth fund, the Qatar […]

Brief Interview by BNN News: Singapore’s Sovereign Wealth Funds Deploying More Capital

BNN Summary: “Singapore’s sovereign wealth funds, Temasek and GIC, are focusing on natural resources, clean tech, biotechnology and food. The funds have also taken a keener interest in Canadian-listed companies like Platmin and Inmet. BNN speaks to Michael Maduell, president, Sovereign Wealth Fund Institute.” see video BNN News

Inmet Announces Closing of Private Placement of $500 Million of Subscription Receipts to Wholly-Owned Subsidiary of Temasek Holdings

According to the Inmet Mining Press Release, “Inmet Mining Corporation (“Inmet”) announced today that it has closed its previously announced private placement of $500 million of subscription receipts to Ellington Investments Pte. Ltd. (“Ellington”), an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited. On closing, Ellington purchased 9,258,419 subscription receipts at a price of $54.0049 […]

Prudential Plc gets Hong Kong OK, seeks Singapore listing

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

World Bank gets help from sovereign wealth funds to invest in developing nations

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

APG and Temasek each to invest US$50 million in Platmin as part of US$250 million market offering

According to the Press Release, “Platmin Limited  announced today that each of Temasek Holdings (Private) Limited (“Temasek”) and Algemene Pensioen Groep N.V. (“APG”) has expressed an intention to purchase US$50 million of new common shares in the US$250 million market offering launched on 16 April 2010. Temasek is an Asian investment company headquartered in Singapore. […]

Qatari Diar Acquires 5% Stake in Veolia, Gets Seat on Board

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

China’s Sovereign Wealth Fund to Invest More Into Indonesia

The China Investment Corporation (CIC), China’s mega sovereign wealth fund is keen on investing in Indonesian infrastructure.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Azeris, Dutch, Koreans, Saudis Invest in the IFC African, Latin American, and Caribbean Fund

According to the IFC Press Release, “Investors from Azerbaijan, the Netherlands, Saudi Arabia, and South Korea have joined IFC in committing to a fund to make equity investments in companies in Africa, Latin America, and the Caribbean, providing a new way to finance growth and jobs in the developing world. IFC has committed up to […]

China’s sovereign wealth fund to reshuffle senior exec posts: report

Xinhua reports, “China Investment Corporation (CIC) will soon reshuffle its senior managerial posts as the country’s sovereign wealth fund and other top state-owned lenders are gearing up for the initial public offering of Agricultural Bank of China, reported Saturday’s China Daily. Vice President of Bank of Communications (BankComm) Peng Chun will soon replace Xie Ping […]

Raffles Hotel sold to Qatari Diar for $275 Million

According to The Times, “The historic Raffles Hotel in Singapore, famed for its colonial grandeur and the Singapore Sling cocktail, is to change hands in a deal worth $275 million (£180 million). The luxury 103-room hotel, a favourite watering hole of literary figures including Somerset Maugham and Rudyard Kipling, looks set to be acquired from […]

Deep Discussions: Temasek Eyes GMR

Singapore’s Temasek Holdings, one of Singapore’s sovereign wealth funds, is keen on India, particularly in energy infrastructure. The sovereign fund is looking at Indian power producers and GMR Group seems to fill the description. The sovereign fund is betting Indian utilities will increase electricity generation in the next half decade to overcome power shortages plaguing […]

China Investment Corporation halves funding request to $100 Billion

According to Reuters, “China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, has cut by half, to $100 billion, the amount of new funding it is seeking from the government, according to domestic media. An earlier proposal by CIC to the finance ministry for $200 billion in additional funding was not approved, the […]

Amyris Biotechnologies Secures Investment from Temasek Holdings

According to the Amyris Press Release, “Amyris Biotechnologies, Inc. announced today that Temasek Holdings has invested $47.8 million into the company. Amyris intends to use these funds to support commercial plant design and construction activities as well as ongoing operations in the U.S. and Brazil. “We are privileged to welcome Temasek as a significant investor, […]