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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC, KIC in talks to invest in Chesapeake Energy

Posted on 21 May 2010

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


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