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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kaisun Energy says to buy CIC-invested Nobel

Posted on 16 October 2009

From Reuters: Kaisun Energy Group, a Hong Kong-based holding company, said on Thursday that it will buy out a Russian oilfield company, Nobel Holdings Investments, invested in by China Investment Corp (CIC).

Nobel Holdings is 45 percent owned by CIC, China’s $298 billion sovereign wealth fund, 5 percent by Hong Kong-based Oriental Patron Financial Group and 50 percent by integrated petroleum company Nobel Oil……………………Full Article: Source

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