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Sovereign Wealth Funds Briefing - Categorized | Investment

Morgan Stanley shortlists bidders for CICC stake

Posted on 02 December 2009

From WSJ: The securities firm’s largest shareholder is the country’s sovereign wealth fund, China Investment Corp., and CICC’s chief executive is Levin Zhu, the son of former Chinese premier Zhu Rongji. Support from both Mr. Zhu and the Chinese sovereign fund will be important in concluding a deal.

Government of Singapore Investment Corp., another state-owned fund, which already owns a 7.35% stake in CICC, is also reviewing its options to potentially increase its stake as part of the process, according to one person familiar with the situation……………………………Full Article: Source

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