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Sovereign Wealth Funds Briefing - Categorized | Investment

GDF Suez approached by Chinese sovereign fund-paper

Posted on 20 October 2009

From Reuters: GDF Suez has been approached by a Chinese sovereign fund eager to take a minority interest in the French utility, its chief executive said in a newspaper interview on Monday.

Asked by French daily Liberation if he was discussing the entry into GDF Suez’s capital of a Chinese sovereign fund, Gerard Mestrallet said: “I did not ask for anything, I have no shares to sell. They came to see us, keen to consider a long-term minority investment … In these conditions, I say welcome.”………………….Full Article: Source

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