| China's overseas investment surged in the first quarter to $21.4 billion as state-owned companies snapped up resource-related assets around the globe, according to a report by a private investment firm that counts China's sovereign-wealth fund among its partners.
The largest investment in Europe was the 8.7% stake in U.K. utility Thames Water acquired by China Investment Corp., the country's sovereign-wealth fund. The size of the deal was never disclosed, but A Capital valued it at $779 million...............................................Full Article: Source
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