Abu Dhabi National Energy Company: Targeting North American Aquisitions - Political Opinion

Another strategic American company may soon be bought up by the ever looming and growing presence in the global economy known as sovereign wealth funds.

Sovereign wealth funds are vast pools of capital accrued and wielded by a nation that buy up strategic economic sectors and companies around the world. Abu Dhabi’s massive sovereign wealth fund will spend $5 billion in acquisitions this year. North America contains some of their potential targets. The American government has almost no regulations to limit these acquisitions on domestic soil. Congress is standing idle as American companies, the nation’s best wealth producing assets, are bought and sold to the highest bidder with no longterm forethought about the economic and security consequences this will have on our nation.

Source The National:

Abu Dhabi National Energy Company, also known as Taqa, plans to beef up its asset portfolio this year with US$5 billion (Dh18.4bn) of acquisitions.

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The company’s investments would predominantly be in North Africa, Europe and North America.

by Jim Baird

Source: Economy in Crisis

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