Friday SWFI News Roundup, September 12, 2014

Emaar Malls Group Seeks to IPO

Emaar Properties is trying to have an initial public offering for its mall unit Emaar Malls Group. The IPO is targeted to raise approximately US$ 1.44 billion for Emaar Properties. The Emirates Investment Authority (EIA) reserves the right to purchase 5% of the transaction. The UAE federal sovereign wealth fund has the right with every IPO on the Emirati stock exchange. Rothschild is the financial adviser for Emaar Properties. Bank of America Merrill Lynch, JP Morgan and Morgan Stanley are joint global co-ordinators and joint bookrunners. Local banks joining are EFG Hermes, Emirates Financial Services, HSBC and National Bank of Abu Dhabi.

RCIF Invests in Russian Retailer

On September 9, 2014, the Russia-China Investment Fund (RCIF) agreed to acquire a minority stake in Russian children’s goods retailer Detsky Mir. The retailer is owned by Sistema, a conglomerate. The RCIF is a joint venture between the Russian Direct Investment Fund and the China Investment Corporation.

Aabar Investments Hearts Morocco

Aabar Investments PJS is opening a new office in Casablanca. The investment company plans to invest in a variety of sectors in Morocco.

Nomura Asset Management Partners and Creates a Mainland China JV Company

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