The story appears on

Page A9

May 4, 2012

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

CIC sets up fund

CHINA Investment Corp, a sovereign wealth fund, has tied up with two foreign companies to launch a fund that will help Chinese firms invest in Europe.

CIC signed an agreement with the Belgian Federal Holding and Investment Co and private equity company A Capital in Brussels on Wednesday.

The fund, alongside private or state-owned Chinese companies, plans to take minority stakes in European firms with annual sales of more than 100 million euros (US$131.5 million) and good growth potential in China.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend