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Sovereign Wealth Funds Briefing - Categorized | Investment

China fund likes Sberbank

Posted on 27 June 2011

China Investment Corp., the country’s $300 billion sovereign wealth fund, is tipped to buy a 5 percent stake in Sberbank, a Chinese newspaper reported, citing sources. The 21st Century Business Herald reported that an unidentified investment bank that is arranging the partial privatization of Sberbank has contacted CIC for a possible deal.
“The investment bank and CIC have made initial contact and if everything is smooth, they will start to talk about the [Sberbank] equity deal soon,” one source was quoted by the Chinese newspaper as saying………………………………………..Full Article: Source

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