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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Chinese wanted much bigger stake in Penn West

Posted on 21 October 2010

From Montrealgazette.com: The Chinese sovereign wealth fund that agreed to inject $1.25 billion into Penn West Trust last spring originally wanted an even bigger chunk of the company.
Behind-the-scene details of the novel joint venture announced by the Calgary-based energy trust in May with China Investment Corp., one of the largest such funds in the world, emerged during Penn West’s investor day Wednesday……………………………………….Full Article: Source

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