Sun, May 29, 2016
A A A
Welcome vaishu
RSS

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

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 18687 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2016
M T W T F S S
« Apr    
 1
2345678
9101112131415
16171819202122
23242526272829
3031