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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

AES announces close of transaction with China Investment Corporation

Posted on 16 March 2010

The AES Corporation has successfully closed its equity sale with a wholly owned investment subsidiary of the China Investment Corporation (CIC). The deal was first announced on November 6, 2009 and raises $1.58 billion in new capital for AES.
CIC acquired 125.5 million shares of AES stock for $12.60 per share in exchange for an approximate 15 percent stake in the Company……………………………………..Full Press Release: Source


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