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Sovereign Wealth Funds Briefing - Categorized | Investment

China raises stakes in Indonesia

Posted on 16 August 2010

From Financeasia.com: Indonesia’s State Enterprises Minister Mustafa Abubakar said on August 2 that China Investment Corporation (CIC), the country’s $300 billion sovereign wealth fund, had expressed interest in investing in three of Indonesia’s state firms — coal miner Tambang Batubara Bukit Asam, electricity utility Perusahaan Listrik Negara (PLN) and port operator Pelabuhan Indonesia II.

Initial investment is likely to be $2 billion next year, but that figure could increase more than twelve-fold to $25 billion, say sources. CIC invested $58 billion overseas last year, according to its annual report…………………………………….Full Article: Source

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