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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC close to signing timber deal with Brookfield

Posted on 07 November 2012

China Investment Corp. is close to purchasing a 12.5% stake in some timber assets in Canada from an infrastructure affiliate of Brookfield Asset Management Inc. for about $100 million, according to people with direct knowledge of the matter.
The move marks the latest effort by the Chinese sovereign-wealth fund to step up its investment in assets that could help shield its giant overseas portfolio from rising inflation risks………………………………………..Full Article: Source


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