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Qatar Petroleum: Major IPO Updates in Doha

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desertIn May of 2013, the Sovereign Wealth Fund Institute posted a story about Doha Global Investment Co., the investment company partially backed by Qatar Holding LLC, noting the investment company’s decision to postpone its initial public offering until regulatory approval could be met. Qatar Holding LLC is a subsidiary of the Qatar Investment Authority.

It appears that that postponement could be much longer than anticipated as the fund is continuing to experience difficulties in implementing the IPO.

However, there is growing speculation that Qatar Petroleum will be offering IPOs in four of its units in the near future. Some local investors are selling assets and holding cash in anticipation of shares from the third largest oil company in the world by oil and gas reserves coming onto the market.

The speculation is fanned in part by remarks made in May by Hussain Al-Abdulla stating that Qatar Petroleum would be offering shares in the coming years. Hussain Al-Abdulla is an executive board member of the Qatar Investment Authority.

SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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