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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GDF Suez expected to ink Chinese fund deal

Posted on 10 August 2011

French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese sovereign wealth fund CIC, sources close to the deal said. China Investment Corporation was expected to take a 30 percent stake in the French company’s exploration and production arm in an agreement reportedly worth between two and three billion euros ($3-4 billion).
The companies were set to sign the deal Tuesday before making an official announcement on Wednesday when GDF Suez publishes its half-year results……………………………………….Full Article: Source


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