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Sovereign Wealth Funds Briefing - Categorized | Investment

State fund in talks to buy stake in CITIC unit

Posted on 06 February 2009

From Thestandard.com.hk: China’s sovereign wealth fund is in talks to buy up to 50 percent of CITIC Capital Holdings, an investment arm of state financial conglomerate CITIC Group, state media said.

The deal could be worth hundreds of millions of US dollars, based on CITIC Capital’s registered capital, China Daily reported, citing a source….. Full Article: Source


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