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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC acquires 1.1% stake in Diageo

Posted on 21 July 2009

From China Knowledge: China Investment Corp, the country’s US$200 billion sovereign wealth fund, has acquired a 1.1% stake in British distiller Diageo PLC for £221 million, sources reported.

After the deal, CIC will be the ninth largest shareholder of Diageo. In 2008, Diageo set up a separate operating business, Diageo China, to enhance its presence in the Chinese market, sources said……..Full Article: Source


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