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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China sovereign fund invests in Kazakh oil producer

Posted on 01 October 2009

From AFP: China’s 200-billion-dollar sovereign wealth fund said Wednesday it had acquired part of a Kazakh oil and gas producer for nearly one billion dollars, marking its latest investment in natural resources.

China Investment Corp (CIC) has bought around 11 percent of the Global Depositary Receipts of JSC KazMunaiGas Exploration Production for 939 million dollars, CIC said in a statement on its website………………..Full Article: Source

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