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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC speeds up investment in North America

Posted on 18 June 2010

From People.com.cn: Focusing on financial and energy companies, the China Investment Corporation (CIC) is expanding its holdings in North America.
Earlier this month, the United States Securities and Exchange Commission (SEC) revealed that CIC agreed to pay 817 million U.S. dollars for a 45 percent interest in a joint venture to develop Penn West Energy Trust’s Peace River oil sands assets along with an additional 435 million U.S. dollars to take a 5 percent equity stake in the trust itself…………………………………………..Full Article: Source

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