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Royal Dutch Shell to Acquire BG for £47 Billion

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Oil giant Royal Dutch Shell Plc has agreed to acquire Reading-based BG Group Plc for approximately £47 billion (US$ 70 billion) in cash and shares. BG buys, ships, markets and sells liquefied natural gas (LNG). According to the press release, BG shareholders will receive 383 pence a share in cash, plus 0.4454 B shares in Shell. In turn, shareholders of BG will own about 19% of the combined company. The combined company would have a market value 2x BP Plc and surpass Chevron Corporation. In a statement by Shell, the deal would add 25% to the combined company’s existing oil and gas reserves and 20% to annual production. This is the largest deal in the oil and gas industry in over a decade.

Sovereign funds directly control more than 7% of BG’s shares as of March 2015.

Sovereign Wealth Funds

Sovereign funds directly control more than 7% of BG’s shares as of March 2015. Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, as of March 2014 owns 5.05% of BG, followed by China’s SAFE Investment Company at 2.04% of BG shares.

Shell was advised by Bank of America Merrill Lynch. BG was advised by Goldman Sachs and its legal advisor was Robey Warshaw LLP.

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

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The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Oman Infrastructure Investment Fund Near Creation

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The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

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