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Qatar Leaders Confirm Interest in Acquiring Stake in Areva

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

UNICEF and NBIM to Host Meetings on Children’s Human Rights

The United Nations Children’s Fund (UNICEF), a United Nations programme headquartered in New York City, has partnered with Norges Bank Investment Management (NBIM) to facilitate a series of meetings between companies to discuss issues surrounding children’s human rights.

According to the news release, “the network will facilitate dialogue between leading brands and retailers in the garment and footwear industry to strengthen children’s rights.”

NBIM is invested in many listed companies and have invited them to join a network to tackle these issues. Over the next two years, the organizations plan to hold three workshops as well as quarterly meetings surrounding these issues.

“Over time, we hope and expect that the network will contribute to improved market practices among companies and greater respect for children’s rights,” says Carine Smith Ihenacho, Global Head of Ownership Strategies, in a NBIM press release.

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SouthGobi’s CEO Arrested, CIC Struggles with Investment

The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar Central Bank Deals with MSCI

MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

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

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