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China Investment Corp. (CIC), the country’s sovereign wealth fund, is close to sealing a deal with French energy group GDF Suez, purchasing a 30-percent stake in the latter’s exploration and production business, China Business News reported Tuesday.
French newspaper Les Echos reported Monday that the transaction would cost CIC 2 to 3 billion euros……………………………………….Full Article: Source
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Sovereign Wealth Funds Briefing - Categorized | Investment, Market
CIC may buy 30pct stake in France’s GDF Suez
| Posted on 10 August 2011 |
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