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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China SWF aims to buy Facebook shares

Posted on 05 July 2011

China’s sovereign wealth fund and financial firm Citibank are reportedly interested in buying a stake in social network Facebook.
An anonymous investment fund source — who had previously bought shares of Facebook from insiders — told the Business Insider that the China Investment Corp (CIC) is positioning itself to possibly buy a sizable stake in Facebook. Additionally, the business news website reported that Citibank is also reportedly trying to obtain as much as $1.2 billion worth of Facebook stock on behalf of two sovereign wealth funds - one from China and another from the Middle East……………………………………….Full Article: Source

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