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Sovereign Wealth Funds Briefing - Categorized | Investment

China fund to buy US$1.5bln stake in Canadian miner

Posted on 06 July 2009

From Etaiwannews.com: China’s sovereign wealth fund said it would buy US$1.5 billion worth of shares of the Canadian mining company Teck Resources Ltd.

The purchase by the China Investment Corp would amount to a 17.2 percent equity stake in Teck, giving the US$200-billion wealth fund a 6.7 percent voting interest in the mining company, the corporation said Friday………Full Article: Source


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