27.08.2009 - China wealth fund buys 40 pct of CITIC Pacific unit
From Reuters: Steel-to-property conglomerate CITIC Pacific said on Wednesday that China's sovereign wealth fund, China Investment Corp, has bought a 40 percent stake in its private equity fund management unit, CITIC Capital. No financial details were given. Last month, sources told Reuters that the $200 billion wealth fund had agreed to invest HK$2 billion ($259.1 million) for a 40 percent stake in CITIC Capital...............Full Article: Source
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