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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CITIC Pacific, CIC not in talks on CITIC Capital stake sale

Posted on 05 February 2009

From China Knowledge: CITIC Pacific Ltd, the Hong Kong-listed arm of China’s biggest state-owned investment company CITIC Group, is not in talks with China Investment Corp (CIC) to sell its 50% stake in investment firm CITIC Capital to the latter, said an unnamed source close to the situation.

The report came after market rumors that CIC, the mainland’s sovereign wealth fund, is negotiating with CITIC Pacific and its parent to acquire the 50% stake in CITIC Capital, which manages assets of more than US$1.6 billion (HK$12.48 billion)…… Full Article: Source


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