Tue, Jun 30, 2015
A A A
Welcome asarmad
RSS

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


 Article link

This post was written by:

VRS - who has written 16562 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
June 2015
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930