A handful of Korea's institutional investors, including Hanwha Life Insurance, Hyundai Marine & Fire Insurance and the Korea Scientists & Engineers Mutual Aid Association, will acquire a 4.7-percent stake in Britain's largest energy grid operator National Grid.
An increasing number of domestic institutional investors are turning their eyes toward European markets, including Britain, as the yields from investments in American real estate and infrastructure are in decline.
According to industry sources on February 16, Hanwha Life recently invested 155 million pounds (US$193.6 million) to purchase about 2.7-percent stake in National Grid's gas network business. Hyundai Fire & Marine and the Korea Scientists & Engineers Mutual Aid Association are also set to invest 30 million pounds ($37.5 million) each in National Grid.
In sum, domestic institutional investors' combined stake in National Grid is estimated at 4.7 percent worth 285 million pounds ($355.9 million). Their investment in National Grid will be made in the form of participating in a global consortium which will purchase a 61-percent stake in National Grid for 3.6 billion pounds ($4.49 billion).
The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of acting chief investment officer and global alternative investment head, the South Korean pension fund said on July 25. In-Sik&hellip
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip