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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC could invest in Bumi’s $495 mln stake sale

Posted on 23 June 2010

From Reuters: PT Bumi Resources, Indonesia’s biggest coal miner by output, said Chinese sovereign fund China Investment Corp (CIC) could be one of the buyers of the company’s stake sale worth as much as $495 million.
In a statement issued on Wednesday in the Investor Daily newspaper, the company said JP Morgan, Credit Suisse and Raiffeisen Zentralbank Osterreich AG could also be potential buyers. CIC was not immediately available for comment……………………………………….Full Article: Source


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