APG to invest $250m in Pallinghurst

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NETHERLANDS/SOUTH AFRICA - APG, the investment arm of giant Dutch pension fund ABP, has committed US$250m to Pallinghurst, an investment company specialising in natural resources.

The capital will be invested in the mining sector. More than $200m of this is earmarked for resources investments in South Africa. The commitment is for up to 10 years and will be made at the discr...

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