(EnergyAsia, December 9, Wednesday) — Sovereign wealth fund China Investment Corp has agreed to pay $400 million for a majority stake in China Longyuan Power Group, Asia’s largest wind power producer. CIC will be the fifth key investor in Longyuan following earlier buy-ins by US billionaire Wilbur Ross, China Life Insurance Group, Value Parnters Ltd…
CHINA: CICs pays US$400 million for majority stake in wind power group
Posted on December 8, 2009 by EnergyAsia