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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

China-invested noble, buys U.S. uranium supplier stake

Posted on 21 June 2010

From Bloomberg: Noble Group, in which China’s sovereign wealth fund is a shareholder, bought a 5.1 percent stake in USEC Inc., the only American-owned provider of enriched uranium for use in civilian nuclear reactors, the New York Times reported, citing a filing to the Securities and Exchange Commission.
Noble, which paid $30.2 million for the stake, wants to become USEC’s partner in marketing uranium enrichment for reactors in Asia, particularly China, Richard Elman, Noble’s founder and executive chairman, told the newspaper……………………………………….Full Article: Source


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