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Kuwait, Brazil agree on establishing joint investment company

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According to the Kuwait News Agency, “Kuwait and Brazil agreed on establishment of a joint investment company, said Board Member of Kuwait Chamber of Commerce and Industry (KCCI) Sayer Al-Sayer here.

Al-Sayer said late on Saturday, after a banquet held by Brazil’s President in the honor of His Highness the Prime Minister of Kuwait Sheikh Nasser Al-Mohammad Al-Sabah, that the two countries agreed on preparing “an initial study for the establishment of the company.” He said the aim of the company will be to boost economic relations between Kuwait and Brazil, adding that it would also have positive effect on trade exchange between Kuwait and Brazil. Brazil is rich in oil, agricultural resources and livestock, he pointed out, noting that the country is due to host several crucial international events, namely international Olympic games and the World Soccer Cup — events that will contribute to reviving the national economy and impact in particular on the private sector, he noted.

The two countries will form a joint committee to prepare studies on the issue, he said, alluding to the accord. As part of His Highness the Prime Minister’s tour in Latin America, th KCCI is seeking to stress economic ties with the regional counties. Al-Sayer is heading KCCI’s delegation accompanying His Highness the Prime Minister.”

Read more: KUNA Press Release

ADIA Seeks to Sell KIC Headquarters

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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

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The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Just Group Acquires Corinthian Pension Consulting

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Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.

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