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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Total says China has not taken a new stake in it

Posted on 19 March 2012

Chinese authorities have not taken a new stake in France’s Total, a source from the oil and gas company said on Sunday, denying a report in the online edition of The Wall Street Journal.
Total’s CEO would not have “any problem” if sovereign wealth fund China Investment Corp wanted to take a further stake, the report said. “The Chinese have not taken a stake in Total since April 2008,” a source at Total told Reuters, adding, “There’s nothing new.”……………………………………….Full Article: Source


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