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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Whole world of bargains

Posted on 11 June 2009

From Shanghaidaily.com: China Investment Corp, which operates China’s US$200-billion sovereign wealth fund, will spend US$1.2 billion to increase its holding in Morgan Stanley. At the same time, PetroChina Co said it would purchase a 45.5-percent stake in Singapore Petroleum Co for S$1.47 billion (US$1.02 billion).

Other potential deals in the pipeline include the Industrial and Commercial Bank of China taking a stake in Thailand’s ACL Bank and China Investment Corp considering an investment in the City of London……..Full Article: Source


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