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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China close to counter-bid to block BHP’s Potash Corp takeover

Posted on 06 September 2010

From Theaustralian.com.au: Sinochem and Chinese sovereign wealth fund CIC are exploring a joint counter-bid for Potash Corporation on instruction from Beijing. Bankers cautioned that a bid would proceed only if the Chinese companies could secure approval from Canadian regulators.
It is understood Chinese authorities have contacted their counterparts in Canada to seek guidance on whether a bid for the Saskatchewan company would be blocked — an outcome that would be politically embarrassing for China………………………………………..Full Article: Source


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