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Sovereign Wealth Funds Briefing - Categorized | Market

GDF Suez in alliance with China’s CIC

Posted on 09 August 2011

China’s sovereign wealth fund is to buy a stake in GDF Suez’s gas exploration and production unit and to finance the French utility’s expansion in power-thirsty Asia, sources said on Monday.
The multi-billion dollar memorandum of understanding with China Investment Corp (CIC) is the latest bid by the world’s biggest utility to boost its presence in faster-growth emerging markets……………………………………….Full Article: Source


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