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Sovereign wealth funds' corporate acquisitions triple in Q2

China Investment Corp's Logicor buy boosts total deal value to US$31.7 billion

Published Tue, Jul 4, 2017 · 09:50 PM
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London

CHINA Investment Corp's (CIC) US$13.7 billion acquisition of warehouse firm Logicor helped to triple the total value of sovereign wealth funds' (SWFs) M&A deals in the second quarter to US$31.7 billion, just shy of a record set in the third quarter of 2016.

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 the light of a punishing diplomatic rift with its Gulf neighbours.

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