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Sovereign Wealth Funds Briefing - Categorized | Financials

AES closes stock sale to China Investment Corp.

Posted on 17 March 2010

From Businessweek.com: Global power company AES Corp. said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp.

AES announced in November that it would raise the money by selling a 15 percent stake in the company. Late Monday, the company said that deal had closed………………………………….Full Article: Source

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