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Qatar Leaders Confirm Interest in Acquiring Stake in Areva

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According to BusinessWeek, “Two top Qatari leaders said the country is interested in buying a stake in French nuclear power producer Areva SA. Qatar plans to invest in Areva as soon as the two parties reach an agreement, Qatar Investment Authority board member Hussain al-Abdulla and Minister of State for Energy Mohammed al- Sada said at an energy conference in Paris today. The investment authority is Qatar’s sovereign wealth fund.

“I don’t know exactly how long it will take but certainly there is an interest from the Qatari side,” al-Sada said during a press conference. “It’s under discussion.”

He declined to say how large the holding in Areva might be or when the purchase could take place. Areva Chief Executive Officer Anne Lauvergeon, who also attended the energy conference, declined to comment on the deal.

Qatari Prime Minister Sheikh Hamad Bin Jasim Bin Jaber Al- Thani said on Feb. 10 that Qatar was considering an investment in Areva.”

read more: BusinessWeek

Egyptian Parliament Passes Draft Law on Misr Fund

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Egypt’s state news agency revealed the country is forming a sovereign wealth fund with initial capital of 5 billion Egyptian pounds, with 1 billion Egyptian pounds of that amount being immediately transferred from the Egyptian public treasury. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Canadian Pension Giants Could Support Trans Mountain Pipeline Deal

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The British Columbian (B.C.) government and indigenous groups publicly oppose the Trans Mountain Pipeline project over a number of issues, which include environmental concerns (potential pipeline spills) and land protections. The threat of project derailment sent jitters to Houston-based Kinder Morgan, Inc., requiring the company to halt non-essential spending on Trans Mountain Pipeline L.P. Calgary-based Kinder Morgan Canada Limited, which owns the pipeline, is a listed company that is 70% owned by Kinder Morgan and 30% owned by stock market investors (float). Kinder Morgan Canada hired TD Securities to explore options regarding the future of the pipeline.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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