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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China raises stakes with spy probe

Posted on 09 July 2009

From Theglobeandmail.com: Following the collapse of Chinalco’s proposed $19.5-billion investment in Rio, China Investment Corp. (CIC), the massive Chinese sovereign wealth fund, unveiled a $1.74-billion deal last week to become the largest B-class shareholder in Teck Resources Ltd., Canada’s largest base metals miner.

CIC stressed the private share purchase was made as a “long-term passive financial investor,” and said it did not want representation on Teck’s board of directors……..Full Article: Source


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