Friday SWFI News Roundup, August 15, 2014

Malaysian Airlines to be Fully Acquired by Khazanah Nasional

The plagued Asian airlines, Malaysia Airlines, is going to be taken private by Khazanah Nasional, the country’s sovereign wealth fund. The carrier has suffered tremendously after two key disasters in a four month span. Khazanah is currently the largest shareholder in the airlines with a 69% interest. The sovereign fund was keen on paying RM 1.4 billion (US$ 436 million) to buy out the remaining shareholders. Once Khazanah finalizes acquiring the shares, Malaysian Airlines will be delisted from Bursa Malaysia.

Rosneft Asks Russian Government for Sovereign Wealth Lifeline

Russian oil giant Rosneft is facing pressure from Western sanctions. CEO Igor Sechin has asked the Russian government for 1.5 billion roubles, essentially having the National Welfare Fund purchase Rosneft bonds. The oil giant has billions in neet debt, mostly stemming from the acquisition of oil company TNK-BP in 2013. TNK-BP was Russia’s third-largest oil producer.

Tanzania to Create Special Unit to Watch Over Gas Revenue

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