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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC invests in Moscow Exchange

Posted on 19 February 2013

China Investment Corp, the country’s sovereign wealth fund, has invested in the pre-IPO of the Moscow Exchange, the fund’s chairman Lou Jiwei said on Sunday. “This is a financial investment rather than a strategic one, and we’ll sell the investment at the appropriate time,” Lou was cited by the Beijing Youth Daily as saying.
He declined to provide the exact amount invested, the paper said.The Moscow Exchange floated shares valued at $500 million on Friday……………………………………….Full Article: Source

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