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CIC buys stake in EIG

2012-02-03 11:01 Global Times     Web Editor: Zhang Chan comment

China Investment Corp (CIC) has acquired a minority stake in Washington-based EIG Global Energy Partners, EIG said in a statement Thursday. Asset manager EIG did not disclose the size or value of the stake taken by China's US$410 billion sovereign wealth fund.

EIG invests only in energy, resources and related infrastructure, and had US$9.5 billion in assets under management as of November last year.

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