Sovereign Wealth Funds and Foreign Pensions Have Mostly Avoided Indonesian Infrastructure
Posted on 02/12/2021
Indonesia is strategically situated between two oceans – the Pacific and Indian Oceans and two continents – Asia and Australia. Despite the geopolitical benefits and vast natural resources of Indonesia, sovereign investors have found opportunities in the periphery, selecting other countries in Asia. Country-wise, Japan and Singapore have been key contributors to Indonesia’s foreign direct investment in recent times.
Direct Investments by Sovereign Wealth Funds and Foreign Public Pensions in Indonesia
Source: SWFI.com. Global Asset Owner Database. Fund commitments excluded.
By analyzing direct investments by sovereign wealth funds and overseas public pensions, most direct investments in Indonesia went toward materials, consumer tech, and banking. These sovereign investors preferred the natural resource plays before 2016, switching to banking in 2017, and then makin
The $2.7 billion deal is a case of two companies looking for a strategic fit, combining Seven Generations crude oil and liquids-heavy output with ARC s…
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CALGARY, Alberta (Reuters) - Canada’s ARC Resources Ltd on Wednesday agreed to buy Seven Generations Energy Ltd for C$2.7 billion ($2.2 billion) in an all-stock deal to create the country’s sixth-largest energy company, as oil producers strive to scale up and drive down costs.
The combined company will become the biggest operator in western Canada’s premier Montney shale play, producing more than 340,000 barrels of oil equivalent per day (boepd). The deal underscores the rapidly shifting energy sector landscape, as oil companies face pressure to gain capacity to make them more attractive to lenders and investors.
The combined company will be Canada’s largest condensate producer and third-largest producer of natural gas, operating under the name of ARC Resources Ltd and remaining headquartered in Calgary. Including debt, the deal is valued at C$8.1 billion.
The Canada Pension Plan Investment Board (CPPIB) said on Thursday it ended the third quarter with net assets of C$475.7 billion ($375.63 billion), compared with C$456.7 billion at the end of the previous quarter.