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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

CIC to use Bumi for Indonesia investment

Posted on 13 October 2009

From WSJ: China’s sovereign wealth fund is looking to make natural resource investments in Indonesia through a partnership with PT Bumi Resources, the nation’s largest coal mining company by output, Bumi said Friday.

China Investment Corp. last month agreed to lend $1.9 billion to Bumi, mainly to help the Indonesian company refinance its existing debt, Bumi said at the time……………………Full Article(Subscription Required): Source

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