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Sovereign Wealth Funds Briefing - Categorized | Investment

Asian investments in Canada’s oil sands

Posted on 02 December 2010

From Reuters: Osum Oil Sands Corp, a small privately owned development company, says it will sell C$100 million ($99 million) worth of its shares to Korea Investment Corp, marking the sovereign wealth fund’s second oil sands investment.
Korea Investment Corp pays C$50 million for a minor stake in Laracina Energy Ltd, a small, privately held oil sands developer……………………………………….Full Article: Source


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