| China's sovereign-wealth fund has acquired a 25% stake in South Africa's Shanduka Group, an unlisted but prominent investment holding company with interests in coal mining and other industries.
China Investment Corp. paid two billion rand, or about $243 million, for the stake, Shanduka Group said in a statement Thursday. The shares came mainly from Old Mutual Private Equity and Investec Ltd., which have divested from the Shanduka Group, the company said...............................................Full Article: Source
|