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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Penn West says Chinese investment will bring expertise, as well as cash

Posted on 09 June 2010

From Winnipegfreepress.com: A $1.25-billion investment from a deep-pocketed Chinese sovereign wealth fund brings more than just cash to Penn West Energy Trust, company executives said Tuesday.
“The big thing is simply their size and their reach,” chief executive officer Bill Andrew told reporters after the company’s annual shareholders’ meeting………………………………………..Full Article: Source


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