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Sovereign Wealth Funds Briefing - Categorized | Market

CIC’s space ambitions remain grounded

Posted on 10 October 2012

China Investment Corp. (CIC) is mulling how to make the most of its recent acquisition of a minority stake in a leading European satellite operator. But whatever the move is, experts say, it’s unlikely to result in a technology transfer that China craves.
The company is now the third-largest shareholder of Eutelsat Communications SA. In June, it bought 7 percent of the world’s third-largest satellite operator for €385.2 million from Spanish infrastructure company Abertis, which still holds 8.35 percent of Eutelsat and is the second-largest shareholder………………………………………..Full Article: Source


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