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Omantel Partial Divestment to Fill SGRF’s Coffers

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State-owned Oman Telecommunications (Omantel) is being partially sold off by the government of Oman. The proceeds of the sale will go to the Oman State General Reserve Fund, one of Oman’s sovereign wealth funds. The government hopes to raise 203.85 million OMR (US$ 528 million) for the 19% stake up for sale. The Omantel deal is being drawn up in two phases. The first phase is a private placement of 71.25 million shares. The second phase is a public offer.

The partial privatization would bring government ownership down to 51% from 70%.

Mobile Revenue Share

  • Omantel Mobile – 63.8%
  • Nawras – 36.2%

Source: Omantel Presentation – June 2013

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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