| Chinese sovereign fund China Investment Corporation is ready to invest €1bn in property and infrastructure developments within the Grand Paris regional renewal project, the office of French President François Hollande said.
"CIC would be ready to commit €1bn to Grand Paris, particularly for property operations and infrastructure," the presidential office said during a recent visit to China by Hollande. French state financing body CDC (Caisse des Dépôts et Consignations) would co-invest 20%-40% of the sum provided by CIC. Its investment would be made through the CDC International Capital unit which specialises in direct investments in partnership with sovereign funds and international institutions...............................................Full Article: Source
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