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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China wealth fund eyes stake in Daimler

Posted on 08 January 2013

China’s sovereign wealth fund is considering buying a four to 10 per cent stake in German auto maker Daimler, the website of the official People’s Daily newspaper said at the weekend.
The potential purchase comes as China Investment Corp. (CIC), which had more than $480-billion from the wealth fund under management at the end of 2011, seeks bargains in Europe’s weak economy, said the website, quoting unnamed sources………………………………………..Full Article: Source


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