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Sovereign Wealth Funds Briefing - Categorized | Investment

China’s CIC in talks to invest in Fonterra dairy fund

Posted on 15 November 2012

China Investment Corporation (CIC) is in talks to invest in a fund launched by New Zealand’s Fonterra, the world’s largest dairy processor, the Wall Street Journal reported on Wednesday, citing unnamed people with direct knowledge of the plans.
CIC, China’s sovereign wealth fund, is considering an initial investment of less than $100 million, the Journal added. Fonterra, a co-operative owned by about 10,500 farmers, launched the NZ$525 million ($430 million) fund last month, hoping to lure investors with an expected yield of up to 7 percent. Pricing is slated for Nov. 27………………………………………..Full Article: Source


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