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Sovereign Wealth Funds Briefing - Categorized | Market, Research

China M&A activity bouncing back from the downturn, according to PwC

Posted on 17 December 2009

From Theasset.com: China Investment Corporation (CIC), which historically invested mainly in overseas companies, announced two investments in the Greater China market in 2009.
These investments relate to minority stakes in the Noble Group Ltd and GCL-Poly Energy Holdings Ltd (GCL) and have a combined announced deal value of US$1.6 billion. CIC’s investment in GCL followed the latter’s announced acquisition of Jiangsu Zhongneng Polysilicon Technology Development Holding Co Ltd in June 2009 with a value over US$3 billion………………………………..Full Article: Source

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