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Sovereign Wealth Funds Briefing - Categorized | Market

CIC cashes in on share price surge to reduce holding in Goodman Australia

Posted on 12 December 2012

China’s sovereign wealth fund CIC has reduced its stake in industrial property developer and manager Goodman Australia by 6.9%. Goodman Australia is part of Goodman Group, an international integrated property group that owns, develops and manages logistics and business space across continental Europe, the United Kingdom and the Asia-Pacific region.
CIC has sold $519.2 million worth of shares (116.7 million shares at $4.45 a share) to leave it with a 9.9% holding in Goodman Australia………………………………………..Full Article: Source


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