Did ADIA Buy China’s General Growth Shares?

An amended filing made by the Abu Dhabi Investment Authority (ADIA) suggests that the Gulf-based sovereign wealth fund may have been one of the main buyers of a large stake in General Growth Partners Inc. (GGP) sold by the China Investment Corporation through Brookfield Asset Management.

In mid-December, ADIA submitted an SEC filing stating that, through its sovereign wealth enterprise, Revere Holdings Limited, it purchased over 17.6 million shares in General Growth and warrants to purchase just over 3 million shares through “consortium liquidity transactions” for “cash”. On the same day, the holding company also received 12 million shares in the company and warrants to purchase 3.3 million shares.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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