GE, CNOOC plan JV fund
PRC petrochemicals giant China National Offshore Oil Corp. (CNOOC) and General Electric Co. are in discussion to create a 50:50 JV private equity fund in the RMB3 billion ($440 million) range, according to PRC press reports.
The fund will seek to invest in both mainland and international energy projects, as well as other sectors, but it is unclear whether it will be domiciled and denominated as an RMB fund. The reports said...
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