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Sovereign Wealth Funds Briefing - Categorized | Market

Few cheer Goodman-CIC deal

Posted on 17 June 2009

From Businessspectator.com.au: News of Goodman’s deal with China Investment Corporation (CIC) sent the Australian firm’s shares down 15.3% on 16 June 2009, to $A0.415.
Investors anticipate Goodman will need more than the $A200 million that will be provided via the CIC agreement. Goldman Sachs JBWere analysts have suggested the deal with the Chinese group may be the first stage of a “developing partnership” between Goodman and CIC…….Full Article: Source


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