Sovereign funds buy $25.5bn stakes

Article Date : 05 September 2008
News Section: United Arab Emirates

Sovereign funds have invested $25.5 billion (Dh93.66bn) so far this year to buy stakes in global companies such as Citigroup and Merrill Lynch, up 66 per cent from a year earlier, Thomson Reuters data showed yesterday. Sovereign funds such as Singapore's Temasek Holdings and the Abu Dhabi...

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