FACTBOX-Diverse group in AgBank's investor list

Quotes

   

HONG KONG, June 23 | Wed Jun 23, 2010 12:58pm BST

HONG KONG, June 23 (Reuters) - Agricultural Bank of China [ABC.UL] has signed up 11 cornerstone investors for its Hong Kong H share component of the mega initial public offering. Two Middle East funds take up 66 percent of the $5.45 billion in commitments from a wide range of institutions.

The AgBank IPO, which hopes to be the world's biggest at more than $23 billion, is s China's third-largest lender with $1.4 trillion in assets.

Getting cornerstone investors on board should help the state-owned lender add confidence to the IPO, and help draw in new investors.

Following is the final list of cornerstone investors, whom sources say have committed to the Hong Kong portion of the IPO.

* QATAR INVESTMENT AUTHORITY

The Qatar sovereign investor has agreed to invest $2.8 billion in AgBank. It has aggressively spent on overseas deals since last year.

* KUWAIT INVESTMENT AUTHORITY

The Kuwaiti sovereign wealth fund will invest $800 million in the AgBank IPO.

* STANDARD CHARTERED (STAN.L)

The emerging market-focused bank, 18 percent-owned by Temasek, signed a strategic agreement with AgBank ahead of the IPO [ID:nTOE65G03H]. StanChart is investing $500 million in AgBank.

* SEVEN GROUP HOLDINGS (SVW.AX)

Seven, controlled by Australian tycoon Kerry Stokes, said it is awaiting confirmation on the $250 million stake it secures in China's largest bank by retail customers.

* RABOBANK [RABO.UL]

The bank signed a strategic partnership with AgBank recently and will invest $200 million in AgBank.

* TEMASEK HOLDINGS [TEM.UL]

The Singapore state investor will invest $200 million in the IPO. Temasek in recent years has moved away from financial industry investments, diversifying into resources and infrastructure.

* CHINA TRAVEL SERVICES GROUP

The group will invest $150 million into AgBank.

* ARCHER DANIELS MIDLAND (ADM.N)

A leading company in agricultural processing and producing, ADM will invest $100 million in the AgBank IPO.

* United Overseas Bank (UOBH.SI)

The Singapore bank has agreed to invest $100 million into AgBank.

* CHINA RESOURCES HOLDINGS CO. LTD

The parent company of China Resources Enterprise (0291.HK) will invest $200 million into AgBank.

* Cheung Kong's (0001.HK) LI KA-SHING

Li Ka-shing, Asia's third wealthiest man according to Forbes, is in charge of real estate group Cheung Kong Holdings (1038.HK) and Hutchison Telecommunications (0215.HK), among other businesses. Li, with other Hong Kong tycoons, is a frequent participant in Hong Kong's cornerstone investing market for large IPOs.

The following companies are likely to invest in A share component of AgBank.

* CHINA LIFE INSURANCE (601628.SS)

The Chinese insurer routinely invests in Greater China's large IPOs. It has committed to the H-share offering in Hong Kong and could invest in the Shanghai A-share IPO as well.

* PETROCHINA (601857.SS)

Chinese media say PetroChina is expected to be a cornerstone investor in AgBank's Shanghai offering.

* CHINA INVESTMENT CORP [CIC.UL]

China's almost $300-billion sovereign wealth fund is also expected to invest in the A-share (Shanghai) offering. (Reporting by Denny Thomas, Kennix Chim and Michael Flaherty; Editing by Valerie Lee)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.