27.06.2011 - China fund likes Sberbank
China Investment Corp., the country's $300 billion sovereign wealth fund, is tipped to buy a 5 percent stake in Sberbank, a Chinese newspaper reported, citing sources. The 21st Century Business Herald reported that an unidentified investment bank that is arranging the partial privatization of Sberbank has contacted CIC for a possible deal. "The investment bank and CIC have made initial contact and if everything is smooth, they will start to talk about the [Sberbank] equity deal soon," one source was quoted by the Chinese newspaper as saying...............................................Full Article: Source
Print