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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Chinese acquirers find a route to Africa via Australia

Posted on 14 November 2012

With more than $500 billion at their disposal, Chinese sovereign wealth funds can flex financial muscle with ease. But their strength is usually cloaked in cloying words of warmth and friendship. That’s what made the hostile bid last month for an Australian-owned, African copper mining concern so jarring.
“For a Chinese sovereign to partner with a strategic interest and go hostile, it’s a first,” says Jinshu Zhang, a Los Angeles-based partner with Reed Smith LLP, and the senior director of the firm’s Asia-Pacific practice………………………………………..Full Article: Source


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