Samruk-Kazyna Buys Stake in Kazzinc
Samruk-Kazyna has taken a 29% stake in Kazzinc, a Glencore-controlled zinc producer, for an undisclosed price. Glencore International AG owns 69.61% of Kazzinc. The shares were purchased from Verny Capital JSC, a private equity company.
Founded in 1997, Kazzinc was founded by the merger of Eastern Kazakhstan’s three core non-ferrous metal companies which were owned by the government of Kazakhstan. The controlling block of shares of Kazzinc was sold to Glencore International AG and to other private sector shareholders back then.
Ping An Good Doctor, formerly known as Ping An HealthCare and Technology Company, is a Chinese online healthcare platform that is part of Ping An Insurance (Group) Company. This unit is planning to be offered in a Hong Kong initial public offering that could raise as much as 8.8 billion HKD in shares at 50.80 or 54.80 HKD per share.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Singapore’s Temasek Holdings and France-based Schneider Electric are in talks to acquire Larsen & Tourbo’s electrical and automation business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
In February 2018, the California Public Employees’ Retirement System (CalPERS) allocated US$ 1 billion to an internally-managed QSI Global ESG strategy. The internally-managed strategy was developed by New York-based QS Investors, LLC, a subsidiary of Legg Mason. CalPERS entered into a 5-year contract with QS Investors, with a possible spend of over US$ 1 million per annum.
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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