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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese SWF eyes Vancouver Island timberlands investment

Posted on 09 November 2012

China Investment Corp., one of the world’s largest sovereign wealth funds, is close to closing a $100-million deal to purchase a stake in Vancouver Island forest company Island Timberlands.
The reported move by China into B.C. timber comes at a time when the federal government is reviewing its policies on foreign investment by state-owned funds and less than three weeks after Ottawa rejected a $5.7-billion natural gas purchase by Malaysian state-owned oil giant Petronas………………………………………..Full Article: Source


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