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Sovereign Wealth Funds Briefing - Categorized | Investment

Fortescue is in fund talks with China’s SWF

Posted on 25 February 2009

From Bloomberg: Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, said it’s in talks for a hybrid funding package with China’s $200 billion sovereign wealth fund to help fund expansion.

Talks with China Investment Corp. are at a “early stage,” Cameron Morse, a spokesman for Perth-based Fortescue said today in an interview. …. Full Article: Source


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