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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Sunshine Oilsands secures $350 mln in investments from 3 cornerstone investors for IPO

Posted on 09 February 2012

Canada’s Sunshine Oilsands Ltd. has secured US$350 million from three cornerstone investors including a Chinese sovereign wealth fund for its up to US$700 million Hong Kong initial public offering in order to boost investor interest, three people familiar with the situation said Wednesday.
China’s sovereign wealth fund China Investment Corp. and China Petrochemical Corp. have each agreed to buy US$150 million worth of shares in the Calgary-based energy company and U.S asset manager EIG Global Energy Partners has agreed to buy US$50 million, the people said………………………………………..Full Article: Source


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