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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s CIC to buy 40 pct of CITIC Capital

Posted on 20 July 2009

From Reuters: China Investment Corp (CIC), the country’s $200 billion sovereign wealth fund, has agreed to buy a 40 percent stake in investment firm CITIC Capital Holdings Ltd, the official China Securities Journal reported on Monday.

CIC will buy new shares to be issued by Hong Kong-based CITIC Capital, in which CITIC Pacific and CITIC International Financial Holdings Ltd each hold 50 percent, the newspaper said, citing a letter sent to CITIC Capital investors. It gave no figure for the value of the deal………..Full Article: Source


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