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Sovereign Wealth Funds Briefing - Categorized | Market

Asian M&A makes a comeback

Posted on 23 February 2010

From WSJ: China’s US$300 billion sovereign-wealth fund, China Investment Corp., announced more than US$8.15 billion of acquisitions last year, including a 15.8% stake in AES of the U.S. for US$1.58 billion, 17.2% of Canada’s Teck Resources for US$1.5 billion and the US$856 million purchase of a 15% stake in Singapore-listed Noble Group.
“We’ll see further China-into-Australia deals” centered on metals, mining, oil and natural gas, said Matt Hanning, UBS joint head of Asia M&A. “This will probably play into Canada as well.”………………………Full Article: Source


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