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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

CIC recently sold another 3.3mln shares of Morgan Stanley

Posted on 04 August 2010

From Dow Jones: China Investment Corp. sold another $90.5 million of Morgan Stanley’s (MS) stock–the latest in a series of transactions–according to a regulatory filing late Tuesday.
Over a nearly two-week period, the sovereign wealth fund has now sold more than 20 million shares of the investment bank for proceeds of $557.3 million. CIC may be selling the stock to keep its ownership stake under 10% to avoid closer regulatory scrutiny……………………………………….Full Article: Source


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