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Sovereign Wealth Funds Briefing - Categorized | Market

China closes in on European Gas

Posted on 09 August 2011

GDF Suez SA is close to a deal in which China Investment Corp. would take a stake in the energy company’s exploration-and-production business, marking yet another investment by Beijing in Western energy assets and boosting the French company’s exposure to the energy-hungry Asian market.
Under the proposed deal, the Chinese sovereign-wealth fund would take a 30% stake in the exploration-and-production business for as much as €3 billion ($4.28 billion), a person familiar with the matter said……………………………………….Full Article: Source


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