QIA to invest $2.8bn in Agricultural Bank of China IPO

21 June 2010

Qatar Investment Authority (QIA) has signed an agreement to invest $2.8bn in the initial public offering of the Agricultural Bank of China, Bloomberg has reported. The bank has allocated more than $5bn for corporate investors such as QIA in the Hong Kong part of its IPO, sources said. Agricultural Bank is seeking to raise $15 billion in the Hong Kong part of the IPO.

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