| From China Knowledge: China Investment Corp, the country's US$300-billion sovereign wealth fund, and Korea Investment Corp, South Korean sovereign wealth fund, are in advanced talks to join a consortium that will acquire US$$900 million of convertible preferred stock in Chesapeake Energy, the Financial Times reported, citing unnamed sources as saying.
The report said that CIC and KIC will separately buy US$300 million worth of the preferred stock of the New York-listed company, a leading U.S. producer of natural gas............................................Full Article: Source
|