| 01.11.2011 - CIC forges 2.3bln euro pact with GDF |
| French power and gas company GDF Suez has formed an alliance with Chinese sovereign wealth fund China Investment Corp and signed a deal with state-owned energy company CNOOC to bolster its presence in China and the Asia-Pacific. Under the deal, CIC will take a 2.3 billion euro (HK$25 billion) minority stake in GDF Suez's exploration and production unit as well as a 10 percent stake in a liquid natural gas plant in the Caribbean...............................................Full Article: Source |