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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

Teck turns out roses for CIC

Posted on 11 October 2010

From Shanghaidaily.com: Teck Resources Ltd, Canada’s largest base-metals and coal producer, said an investment by China’s sovereign wealth fund has almost tripled in value and it is eying a listing in Shanghai as it sells its products to more customers in China.

China Investment Corp bought 17.2 percent of Teck in July last year for US$1.5 billion, and the stake is now worth US$4.3 billion, Donald Lindsay, CEO of Teck, said in Shanghai…………………………………….Full Article: Source


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