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Sovereign Wealth Funds Briefing - Categorized | Investment

China pays $939mln for 11pct of KazMunaiGas EP

Posted on 05 October 2009

From Arabianoilandgas.com: China Investment Corporation (CIC) has continued it’s spending spree by paying US$939 million for a 11% stake in KazMunaiGas Exploration and Production (KMGEP).

In a statement released on its website the Chinese sovereign wealth fund purchased the stake of the Kazakh upstream operator through it’s wholly-owned subsidiary company Fullbloom Investment Corporation………………Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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