CIC, Cassa Depositi e Prestiti may join hands on fund-raising
Published: 30 Nov 2009 00:47:37 PST
Nov. 30, 2009 (China Knowledge) - China Investment Corp, the country's US$300-billion sovereign wealth fund, is likely to join hands with Italian state-owned bank, Cassa Depositi e Prestiti, on fund-raising for technological infrastructure projects as well as other projects, Italian newspaper Libero reported. CIC and the Italian Economy Ministry are now evaluating the potential investment grogram. Last week, Economy Minister Giulio Tremonti met with Chinese government officials as part of a long scheduled visit, sources said. According to an earlier report from China Knowledge, CIC agreed to spend between US$300 million and US$500 million to subscribe for shares offered by mainland wind power project developer China Longyuan Power Group Corp in its Hong Kong initial public offering. Longyuan Power, the country's largest wind project developer, hopes to raise up to US$1.3 billion from the IPO. Copyright © 2009 www.chinaknowledge.com |
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