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China sovereign wealth fund buys Thames Water stake
Thames Water deal follows talks in Beijing this week with chancellor George Osborne who hails deal as ‘a vote of confidence in Britain’China’s $410bn (£265bn) sovereign wealth fund said it had bought a minority stake in Thames Water, the water network that serves London, marking the fund’s first acquisition in Britain. China Investment Corporation (CIC) said on Friday it had bought an 8.68% stake in Thames Water through a wholly owned subsidiary.
published date:Fri, 20 Jan 2012 08:32:00 GMT