China Investment Corp
China's sovereign wealth fund, the China Investment Corp., has invested in the Hong Kong-based commodities corporation Noble Group. Noble is listed on the Singapore exchange.
According to the Noble website, it will sell a total of 573 million shares to CIC for $850 million, at $1.5 a share, bringing its overall stake in Noble to 14.9 percent.
Noble holds a number of positions in agricultural and other raw materials like iron ore and coal. Its agricultural holdings are especially targeted to Latin American countries like Argentina, Uruguay, and Brazil, also operating five ports across South America.
China Investment Corp
Showing posts with label CIC. Show all posts
Showing posts with label CIC. Show all posts
Tuesday, September 22, 2009
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