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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment, Market

Sovereign fund eyes stake in CITIC arm

Posted on 05 February 2009

From Reuters: China Investment Corp, the country’s $200 billion sovereign wealth fund, is in talks to buy up to 50 percent of CITIC Capital Holdings Ltd, a leading China-focused investment firm, two sources close to the situation said on Wednesday.

China Investment Corp (CIC) is expected to get the stake from steel-to-property conglomerate CITIC Pacific, which currently holds a 50 percent stake of Hong Kong-based CITIC Capital, said the sources….. Full Article: Source


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