Saudi Arabia’s Public Investment Fund (PIF) seems quite interested in tangible asset investment lately as some may recall the recent acquisition of Saudi Basic Industries Corp.’s metals business, Saudi Iron & Steel Company, for US$ 3.3 billion. Now PIF wants a piece of the action in industrial paper products. PIF is investing in the Middle…
This list is downloaded from the (Sovereign Wealth Fund Institute) SWFI.com transaction database. The list excludes separate accounts, open market transactions, governmental transfers, and fund commitments. Top 10 Largest Sovereign Wealth Fund Deals of 2023 Rank NAME SWF BUYER ENTITY BUYER REGION SELLER ENTITY SELLER REGION AMOUNT (USD) CLOSED AT 1 JSR Corporation Japan Investment…
Leon Topalian, President & CEO of Nucor Corporation, has been elected as Chairman of worldsteel, with T V Narendran, MD & CEO of Tata Steel, chosen as one of its Vice-Chairmen. Jeong-Woo Choi, CEO of POSCO Holdings, was also elected as a Vice-Chairman. Narendran, along with Sajjan Jindal, CMD of JSW Steel, and L N Mittal, Executive Chairman of ArcelorMittal, were appointed to the Executive Committee.
Steel is set to be forged for Saudi Arabia’s sovereign wealth fund PIF following the acquisition of Saudi Basic Industries Corp.’s metals business, Saudi Iron & Steel Company, for US$ 3.3 billion. PIF has been acquiring in the steel industry. Base metals investments “Will bring together PIF’s financial capabilities and industry experience . . .…
Saudi PIF to create steel giant with $3 3 bln acquisition of Sabic s metal unit deal alarabiya.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alarabiya.net Daily Mail and Mail on Sunday newspapers.