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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar-backed investment firm in advanced talks to acquire AsiaInfo

Posted on 29 November 2012

Citic Capital Holdings, controlled by the sovereign wealth funds of Qatar and China, is close to acquiring the Chinese software services provider AsiaInfo-Linkage Inc. (ASIA), Bloomberg has reported, citing two sources.
Citic Capital is in advanced talks to buy Beijing-based AsiaInfo for about $900m, said the sources. AsiaInfo sells telecoms software to China’s biggest wireless carriers. Citic Capital sold a 22% stake in itself to Qatar Holding in August, giving the fund additional capital for making overseas acquisitions………………………………………..Full Article: Source


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