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01.10.2009 16:00 #KASE news

CIC (China) plans to spend $ 2 billion for purchase of stressed assets in the United States

/IRBIS, October 1, 09/ - Sovereign fund established China Investment Corporation (CIC), plans to spend U.S. $ 2 billion to buy stressed assets in the U.S., it's announced by ChinaNews on September 30.

To optimize the creation of three sovereign fund, one of which is managed by Goldman Sachs, the second - Oaktree Capital. The company that manages the third fund, to remain anonymous.

In addition, the fund China Investment Corporation are investing billions of dollars in mineral deposits of Australia and the UK real estate, - stated in the message.

[2009-10-01]