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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese investment talks progressing: Fortescue

Posted on 24 February 2009

From News.com.au: Fortescue Metals Group said today its talks with sovereign wealth fund China Investment Corp regarding a hybrid funding package for its ambitious expansion program.

Fortescue said in a statement released to the Australian Securities Exchange it was in “advanced negotiation” with Chinese steel maker Hunan Valin Iron and Steel for an ordinary equity investment…… Full Article: Source


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