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Sovereign Wealth Funds Briefing - Categorized | Investment

China may invest $3 bln in Aussie miner Fortescue

Posted on 25 February 2009

From Indiatimes.com: China, the world’s largest metal consumer, may invest about $3 billion in Fortescue Metals Group Ltd, Australia’s third-biggest iron ore exporter, three people familiar with the transaction said.

China Investment Corp., the $200 billion sovereign wealth fund, is in talks with Fortescue, which plans to use some of the proceeds to retire debt, the people said, asking not to be identified before an agreement….. Full Article: Source


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