PARIS, Oct 16 (AFP): The increasing clout of state-run investment funds is causing concern in European countries, where policymakers are anxious to protect industry and strategic assets from foreign takeovers.
According to a study by Morgan Stanley, these so-called sovereign wealth funds, which mainly come from emerging nations like China, Russia and oil-exporting countries, have 2,800 billion dollars (1,900 billion euros) in assets and are multiplying their acquisitions and spectacular shareholdings.
In a case in point, Qatar Holding and Dubai Borse, a public holding, have just bought 24 and 28 per cent respectively of the London Stock Exchange and are currently in a battle to take control of the Nordic stock exchange operator OMX.
Dubai has formed an alliance with Nasdaq, of which it already owns nearly 20 per cent.
Europe fears sovereign fund invasion
FE Team | Published: October 17, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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