Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
CIC keen on stake in Italy's Enel SpA: report

Jun. 10, 2009 (China Knowledge) - China Investment Corp (CIC), the country's US$200 billion sovereign wealth fund, has shown strong interest in buying into Enel SpA, the largest power operator in Italy, the Oriental Morning Post reported on Wednesday.

Chinese companies intend to buy stakes in Italian firms via financial investment, the Italian daily newspaper Il Giornale reported on Tuesday, quoting Italy's Trade Minister Adolfo Urso as saying.

Rome-based Enel this month started implementing its plan to raise up to EUR 8 billion by share placement.

CIC last week said that it plans to acquire 44.7 million common shares worth a total of US$1.2 billion in Morgan Stanley, the sixth-largest U.S. bank by assets, after the U.S. lender announced it would issue new shares. After the transaction, CIC will hold a 9.86% stake in Morgan Stanley, according to an earlier report from China Knowledge.

Copyright © "2013"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services
 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved