Connect with us

SWFI First Read, February 12, 2018

Published

on

Temasek Holdings Eyes Data Center Business in Australia

Singapore’s Temasek Holdings is looking at a potential deal in Nextdc Limited, a data center company that is listed in Australia.

Warren Buffett Attempts to Build Insurance Business in the Gulf

Berkshire Hathaway Specialty Insurance Co., the commercial insurance unit of Warren Buffett’s empire, is setting up shop at the Dubai International Financial Centre (DIFC). Berkshire Hathaway Specialty Insurance already has offices in cities such as Singapore, Hong Kong and Macau. The company hired Alessandro Cerase, a former American International Group (AIG) executive, to head its Dubai operations.

Kuwait Sovereign Wealth Eyes Irish Opportunities

Ireland’s Minister of State for the Diaspora and International Development Ciaran Cannon met with officials from the Kuwait Investment Authority (KIA). KIA is looking at opportunities in Ireland whether in real estate or technology.

SALIC Appoints Managing Director

Saudi Agricultural and Livestock Investment Company (SALIC) named Khaled Mohammed al-Aboodi as managing director, effective February 1, 2018. Previously, al-Aboodi was an executive at the Islamic Corporation for the Development of the Private Sector. SALIC is owned by Saudi Arabia’s Public Investment Fund (PIF).

PR Battle over CCCC International’s Takeover of Aecon

Canadian construction company Aecon Group Inc. is fighting a public relations battle over its proposed takeover by CCCC International Holding Limited for C$ 1.5 billion. CCCC International Holding made a bid in late 2017 to acquire Aecon. CCCC International Holding owns John Holland Group, an Australian construction business and Friede & Goldman, a U.S. engineering business. CCCC International is the financing platform for overseas business of China Communications Construction Company Limited.

Emirates NBD Acquires Turkey’s Denizbank in $3.2 Billion Deal with Sberbank

Published

on

In a bid to establish itself as one of the region’s leading providers of financial services, Emirates NBD – Dubai’s largest bank – has entered into a deal to acquire a 99.99% stake in Turkey’s DenizBank A.Ş. for a bargain price of US$ 3.2 billion from Russian state-owned lender Sberbank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Brazilian President Michel Temer Orders Liquidation of Sovereign Wealth Fund

Published

on

Brazilian President Michel Temer signed an executive order to shut down the country’s sovereign wealth fund. The money in the sovereign fund will go toward repayment of foreign debt.

The Sovereign Fund of Brazil, also known as Fundo Soberano do Brasil, was formed in 2008.

The formation of the Fundo Soberano do Brasil was authorized by then Brazilian President Luiz Inacio Lula da Silva.

Continue Reading

CDPQ Boosts Stake in Invenergy Renewables

Published

on

Caisse de dépôt et placement du Québec (CDPQ) boosted its ownership stake in Chicago-based Invenergy Renewables LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.