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UKTI and RDIF Sign Investment Opportunities in Russia Agreement

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The press release states, “UK Trade and Investment has today signed an agreement with the Russian Direct Investment Fund to co-operate in promoting Russian direct investment opportunities to UK based private equity and corporate investors.

The signing, by Lord Green, Minister for Trade & Investment, and Kirill Dmitriev, Chief Executive Officer of RDIF was made during Prime Minister David Cameron’s visit to Russia and took place at the Kremlin in front of President Medvedev and Mr Cameron.

Deals worth £215million were signed during the visit as well as agreements to co-operate between businesses, academia and governments.

UKTI and RDIF will jointly hold an investment conference later this year to present RDIF’s aims, objectives and investment opportunities to the British investment community.

Lord Green said: “Today’s signing is an important step in deepening even further the investment relationship between the UK and Russia.”

“There are undoubtedly huge opportunities for British funds to invest in Russia but also for Russian companies to seek investment opportunities in the UK.”

Kirill Dmitriev, Chief Executive Officer of RDIF, said:

“We are delighted that the Russian Direct Investment Fund has generated such strong support from UKTI and the British government. There are indeed huge opportunities for British firms to invest in Russia’s dynamic and rapidly growing economy, and a strong relationship between RDIF and our British partners will help facilitate that.”

Britain is the third largest foreign investor in Russia with an stock of £10bn. UK goods exports to Russia increased by 51 per cent in 2010 to £3.5bn and increased by 63 per cent to £2.1billion in the first six months of this year.”

Read more: RDIF Press Release

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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