Talking about CIC Buys Stake in Kazakh Gas Company for $939 Million (Update3) – Bloomberg.com

 

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CIC Buys Stake in Kazakh Gas Company for $939 Million (Update3) – Bloomberg.com
(Bloomberg) — China’s sovereign wealth fund bought a stake in the London-traded unit of Kazakhstan’s state-run energy company, taking its spending on resources to at least $3.69 billion this month. China Investment Corp., which holds almost $300 billion, bought an 11 percent stake in Astana, Kazakhstan-based JSC KazMunaiGas Exploration Production for about $939 million by purchasing global depositary receipts, according to a statement dated today on the Beijing-based fund’s Web site.

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