| China Investment Corp., the nation’s sovereign wealth fund, will buy 25 percent of former South African politician Cyril Ramaphosa’s Shanduka Group for 2 billion rand ($245 million), Shanduka said.
CIC will acquire its shares mainly from Old Mutual Private Equity and Investec (INVP), which are selling their holdings, Johannesburg-based Shanduka said in an e-mailed statement yesterday. Shanduka, with investments including coal and McDonald’s Corp. (MCD) franchises, is led by Ramaphosa, who founded the National Union of Mineworkers, South Africa’s biggest labor union, in the 1980s...............................................Full Article: Source
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