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Sovereign Wealth Funds Briefing - Categorized | Investment

China poised to buy chunk of Timberlands

Posted on 12 December 2012

China Investment Corp. (CIC) may be close to purchasing a sizeable chunk of Island Timberlands which owns about 260,000 hectares of private forest lands on Vancouver Island and the Sunshine Coast.
In November, the Wall Street Journal reported that CIC “is close to purchasing a 12.5 per cent stake in some timber assets in Canada from an infrastructure affiliate of Brookfield Asset Management Inc. for about $100 million………………………………………..Full Article: Source


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