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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

China sovereign fund to sell 6.9pct stake in Goodman Group

Posted on 12 December 2012

China’s sovereign wealth fund sold a 6.9 percent stake in Goodman Group (GMG), Australia’s biggest industrial property trust, to raise about A$519 million ($547 million), according to two people with knowledge of the matter.
China Investment Corp. sold the 116.67 million shares at A$4.45 each and will retain a stake in Goodman of about 9.9 percent, said the people, declining to be identified as the details aren’t public. Goldman Sachs Group Inc. (GS) managed the share sale to local and foreign investors, the people said………………………………………..Full Article: Source


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