09.08.2011 - China closes in on European Gas
GDF Suez SA is close to a deal in which China Investment Corp. would take a stake in the energy company's exploration-and-production business, marking yet another investment by Beijing in Western energy assets and boosting the French company's exposure to the energy-hungry Asian market. Under the proposed deal, the Chinese sovereign-wealth fund would take a 30% stake in the exploration-and-production business for as much as 3 billion ($4.28 billion), a person familiar with the matter said..............................................Full Article: Source
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