CIC participates in $600m commitment to Diamond S Shipping
China Investment Corp. (CIC) is part of a group that has agreed to invest more than $600 million in Diamond S Shipping, enabling the energy-focused transportation company to buy 30 medium-range vessels and related charters. Diamond S already has a fleet of 10 tankers under construction in Korean shipyards.
CIC's fellow investors include First Reserve Corp., WL Ross & Co., Fairfax Financial Holdings, Morgan Creek Capital Management and PPM America Capital Partners. Together they will fund a portion of Diamond...
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