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Middle East backs ABC IPO

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Middle East backs ABC IPO

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Middle East funds appear to take up more than half of what is being touted as the world’s biggest stock market launch – the 18.5 billion euro IPO of Hong Kong’s cornerstone Agricultural Bank of China.

AgBank or ABC is is reported to have received 645 million euros from the Kuwait Investment Authority.

That is on top of a 2.25 billion euro investment from Qatar Investment Authority.