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Sovereign Wealth Funds Briefing - Categorized | Investment

EuroSibEnergo in advanced talks with potential cornerstone investors including CIC

Posted on 25 February 2011

From Dow Jones: Russian electricity producer EuroSibEnergo has decided not to start pre-marketing for its at least US$1 billion Hong Kong initial public offering next week because the company is still in talks with potential cornerstone investors in the Middle East and China. The company is in the process of enlisting China’s sovereign-wealth fund China Investment Corp. as one of its cornerstone investors, one of the people said.
The company hasn’t fixed an official timetable to launch the deal, the people said, adding it will continue to monitor market conditions, especially the instability in the Middle East………………………………………..Full Article: Source


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