Aug 3, 2010

CIC to put US$25 bio investment in SOEs

China Investment Corporations (CIC),  state-owned investment company, is ready to put up to US$25 billion of investment into Indonesian's state-owned firms (SOEs)
State-Owned Minister Mustafa Abubakar said for the beginning, CIC is committed to provide US$2 billion in a bid to set up joint venture companies. CIC is interested to put its investment in mining and infrastructure sectors.
"CIC has shown interest to put investments in mining, infrastructure projects, and develop electricity power plants with PT Perusahaan Listrik Negara," he said in his office today.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: