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Sovereign Funds' Corporate Acquisitions Triple In Second Quarter Of 2017

by reuters.com posted 1year ago 309 views
<p>China Investment Corp&#39;s (CIC) $13.7 billion acquisition of warehouse firm Logicor tripled the total value of sovereign wealth funds&#39; (SWFs) M&amp;A; deals in the second quarter to $31.7 billion, just shy of a record set in the third quarter of 2016.</p> <p>Adding to that, Qatar Investment Authority (QIA) was involved in the second biggest deal of the quarter, for an Australian utility, but it was unclear whether it would be as active overseas in coming months in light of a punishing diplomatic rift with its Gulf neighbors.</p>