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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, People

GDF Suez approves China alliance -board member

Posted on 10 August 2011

French utility GDF Suez’s board gave the green light for an alliance with China’s sovereign wealth fund that will help it expand in the booming Asia-Pacific region, a board member told Reuters on Tuesday.
The deal will see China Investment Corp (CIC) pay 2.3 billion euros ($3.2 billion) for a 30 percent stake in GDF’s exploration and production business, the board member said……………………………………….Full Article: Source


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