Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
Sovereign wealth funds
Nigeria to Sell Eurobonds
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Kazakhatan to Issue New Eurobond
Kazakhstan to issue new Eurobond. Kazakhstan would be returning to global bond markets with a debt issuance expected to reach US$1 billion. The oil-rich Eastern European country has invited banks for management applications of the deal, according to Finance Minister Bolat Zhamishev.
Algeria to Seek Valuation before Purchase of Djezzy
The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Norway's Fund Excludes RTL Firms
Reconstituted tobacco leaf related companies from Norway's portfolio fund. The sovereign wealth fund of Norway, which is also the world's largest, has excluded Schweitzer-Mauduit International Inc and Huabao International Holdings Ltd from its corporate portfolio due to their involvement with tobacco production.
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Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
According to the Il Messagero, Telecom Italia would be selling off its fixed line network to Casa Depositi e Prestiti.
Temasek Holdings Ltd purchases US$500 million stake in Markit Group. The sovereign wealth investment fund of Singapore, Temasek Holdings Ltd is now in discussion with Markit Group for the purchase of shareholdings estimated to be around US$500 million.
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
The British government's ownership sale over Lloyds Bank is now being awaited when shares hit 61 pence or more.
VTB IPO worth US$3.3 billion snapped up by sovereign wealth funds in Azerbaijan, Norway and Qatar. VTB, the second largest financial institution in Russia, has announced that subscribers have bought the entirety of its 102.
With interests in Volvo and other corporations, the sovereign wealth fund of Norway seeks to be more active in its deals and management.
Rwanda prices Eurobond offer capped at US$400 million. The Republic of Rwanda, with a rating of B/B has offered to the market a ten year Euro denominated bond with a reoffer price of Eur98.
