AgriBank receives support from Qatar

Qatar sovereign fund invests $ 2.8 billion in IPO AgriBank

In brief: Qatar has considered investment projects, which are connected with China is very attractive.

Qatar sovereign fund Qatar Investment Authority has agreed to invest $ 2.8 billion in the IPO of the Chinese Agricultural Bank of China Ltd. Fund with assets of $ 58 billion, signed an agreement with AgriBank June 17, told the agency two people familiar with the situation.

Bank in the organization of the primary public offering on the Hong Kong Stock Exchange has allocated the shares of more than $ 5 billion to corporate investors, such as the QIA. AgriBank in the upcoming IPO on the stock exchanges in Hong Kong and Shanghai intends to raise more than $ 23 billion, which will be the world’s largest deployment. Amount to be 53 billion shares (15% of the total share capital). Earlier it was reported that China Life Insurance can be a major investor in the company, and Rabobank – a strategic investor. The previous record in terms of IPO was established in 2006, the Bank Industrial & Commercial Bank of China, it would amount to $ 22 billion

Ukrainian Globalist
2010-06-21 09:41, Economics.

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