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Sovereign Wealth Funds Briefing - Categorized | Market, Research

Terence Corcoran on the Teck-China deal: Investment Canada’s inscrutable role

Posted on 17 July 2009

From Nationalpost.com: Despite the rocky history of attempted Chinese state investments in Canada, and with a classic East-West corporate spy scandal brewing over a Rio Tinto mining executive based in China, the sale of 17.2% of Teck Resources of Vancouver to a Chinese sovereign wealth fund sailed through with surprising ease.
Hardly a voice was raised in opposition, aside from a few Teck shareholders who accused CEO Don Lindsay of selling a piece of the company at too cheap a price……….Full Article: Source


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