10.12.2009 - CIC's lucrative dealmaking ritual: paying low fees

From Reuters: China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, may be sharpening its dealmaking prowess, but it is still a cheapskate when it comes to paying advisory fees. CIC's tough stance on fees shows that pricing power rules in a year when M&A activity has slumped in the wake of the financial crisis. But bankers of all stripes continue to bang at CIC's door in hopes of securing a meeting...................................Full Article: Source

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