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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC aims higher on overseas deal stakes

Posted on 21 December 2009

From WSJ:Sovereign wealth fund China Investment Corp. recently raised the target size of stakes it takes in developed countries’ companies, as part of its efforts to simplify the structure of potential deals, CIC President Gao Xiqing said Friday, amid an acceleration in the fund’s overseas acquisitions.

CIC, with around $300 billion in assets, had originally aimed for stake sizes of no more than 10%, but the size of the stakes it has recently bought in companies in developed countries has been below 20%, said………………………………..Full Article: Source

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