CIC considers significant minority stake in GDF Suez
China Investment Corporation (CIC) is in negotiations to purchase a significant minority stake in French-based energy provider GDF Suez's exploration and production business for up to $4.2 billion, The Financial Times reported.
It is thought that GDF Suez might exit a 30% stake to CIC in an effort to reduce its debt, as well as use the sovereign wealth fund's network to bolster its presence in Asia Pacific. The company specifically...
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