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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC to buy 7pct stake in Bank of Shanghai

Posted on 12 August 2011

China Investment Corp, the country’s sovereign wealth fund, is buying a 7 percent stake in the Bank of Shanghai from International Finance Corp. “The deal is going through the proper procedures,” the Bank of Shanghai said after reporters questioned the lender about a shareholder change.
Citing sources familiar with the matter, the 21st Century Business Herald yesterday reported CIC has bought the IFC’s 7 percent stake in the Bank of Shanghai………………………………………Full Article: Source

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