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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Citic Capital said in advanced talks to acquire AsiaInfo-Linkage

Posted on 28 November 2012

Citic Capital Holdings Ltd., controlled by the sovereign wealth funds of Qatar and China, is in advanced talks to buy Chinese software services provider AsiaInfo-Linkage Inc. (ASIA) for about $900 million, two people with knowledge of the matter said.
Citic Capital sold a 22 percent stake in itself to Qatar Holding LLC in August, giving the fund additional capital for making overseas acquisitions. China Investment Corp. owns 31.1 percent of the company, which oversees more than $4.4 billion……………………………………….Full Article: Source

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