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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GDF Suez nears $4 bln deal with Chinese sovereign wealth fund

Posted on 11 August 2011

The French utility GDF Suez and China’s sovereign wealth fund said Wednesday that they were in exclusive talks to seal a $4 billion alliance that would help GDF finance its expansion in Asia and offer Beijing access to new energy resources.
GDF outlined the details of the partnership, its second large deal in a year, after the purchase of 70 percent of International Power, as it reported earnings for the first half of 2011 that beat forecasts……………………………………….Full Article: Source


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