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SWFI First Read, April 23, 2018

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Libya NOC Waves at Total and Marathon Oil Stake Sell in Waha Concession

Libya’s National Oil Corporation (NOC) is contemplating whether to intervene in French-based Total’s move to acquire Marathon Oil Corporation’s stake in the Waha concessions in Libya. National Oil Corporation owns 59.18% of Waha Oil Company, while ConocoPhillips with 16.33% and Hess with 8.16%. However, Total believes the deal is already settled and closed, paying US$ 450 million for the stale.

NOC Chairman Chairman Mustafa Sanalla issued a statement, “Any transaction of this nature must have the approval of NOC and the Libyan authorities.”

UK Royal News – Birth of a Boy

In a April 23, 2018 tweet by Kensington Palace, “Her Royal Highness The Duchess of Cambridge was safely delivered of a son at 1101hrs.

The baby weighs 8lbs 7oz.

The Duke of Cambridge was present for the birth.

Her Royal Highness and her child are both doing well.”

Qatar Bank Three-Way Merger Stumbles on Price Talks

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ADIA Seeks to Sell KIC Headquarters

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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

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The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Just Group Acquires Corinthian Pension Consulting

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Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.

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