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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

IPIC given regulatory approval to buy Nova

Posted on 25 June 2009

From Arabianoilandgas.com: The proposed takeover of Nova Chemicals by the Abu Dhabi sovereign wealth fund International Petroleum Investment Company (IPIC) has been given the green light by US and Chinese regulators.

In a statement Nova said that both the Chinese commerce ministry and the US committee on foreign investment have approved the deal…….Full Article: Source


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