Kaisun Energy says to buy CIC-invested Nobel Holdings
Published: 15 Oct 2009 01:23:43 PSTHONG KONG, Oct 15 - Kaisun Energy Group <8203.HK>, a Hong Kong-based holding company, said on Thursday that it will buy out a Russian oil fields company, Nobel Holdings Investments, invested in by China investment Corp [CIC.UL].
Kaisun did not disclose the financial terms of the deal.
CIC, China's $298 billion sovereign wealth fund, has recently completed a series of commodities investments across the globe.
The Kaisun deal comes two weeks after CIC bought an 11 percent stake in the Kazakh state-controlled upstream company KazMunaiGas Exploration and Production (KMG EP) <KMGq.L>. [ID:nPEK69341]
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