9 result(s) displayed (1 - 9 of 9):

Herald: Fortescue, CIC talk of $1B bond deal (from Corporate Dealmaker)

What political row? Australia's iron ore is way too valuable to China for the country not to invest in it. The latest deal news -- OK, so it's not a takeover -- was reported by the Sydney Morning Herald, which said No. 3 Australian iron ore exporter Fortescue Metals Ltd....

Posted on August 11, 2009 9:34 AM

CIC sips Diageo to broaden its horizons (from Corporate Dealmaker)

Government-backed China Investment Corp. pulled back after it lost money investing in companies such as Blackstone Group LP (NYSE:BX) and Morgan Stanley (NYSE:MS) before the credit crisis hit. But it's slowly coming back to broaden its portfolio, recently acquiring a 1.1% stake in British drinks group Diageo plc for about...

Posted on July 22, 2009 8:34 AM

China's Hunan Valin clears Australian hurdle (from Corporate Dealmaker)

While other Chinese steel companies are being held up by extended Australian regulatory review, the Foreign Investment Review Board and Treasurer Wayne Swan cleared Hunan Valin Iron and Steel Group Co. Ltd. to become a major shareholder in Aussie iron ore miner Fortescue Metals Ltd. Hunan could pay about A$1.3...

Posted on March 31, 2009 12:17 PM

China buys into yet another Australian mining co. (from Corporate Dealmaker)

On Tuesday, China's Hunan Valin Iron & Steel said it will buy 16.5% of Australian iron ore miner Fortescue Metals Ltd. for A$1.2 billion ($769 million), with an agreement that the acquirer's stake will be capped at 17.5%, according to The Wall Street Journal. China is trying to beef up...

Posted on February 24, 2009 9:28 AM

GE looks to partner with Asian sovereign wealth funds (from Corporate Dealmaker)

General Electric Co. is talking with Asian sovereign wealth funds -- including $200 billion China Investment Corp. -- about setting up a joint venture like the $8 billion one it has with Mubadala Development Co. The Middle Eastern JV included commercial finance, clean energy research and development, aviation, industry and...

Posted on November 21, 2008 11:53 AM

Reversal of fortune: As U.S. banks struggle, South Korea promoted to 'developed' status (from Corporate Dealmaker)

In a decision that could pull in $16 billion worth of investment, global index provider FTSE Group just upgraded South Korea from an "advanced emerging" market to "developed" status. The U.S. is struggling, but, Treasury Secretary Henry Paulson considers creating an entity to eat up bank's bad debt.

Posted on September 18, 2008 3:39 PM

Germany moves to limit investment by sovereign wealth funds (from Corporate Dealmaker)

Since they started bailing out U.S. banks last year, sovereign wealth funds have gained traction in the media and instilled a bit of fear in some people about their intentions. On Wednesday, the German government approved a law that would allow it to block foreign investors from taking a 25% or more stake in German companies, if it deems said investments a danger to ...

Posted on August 20, 2008 9:17 AM

China seeks Brazilian iron ore, Arcelor still buying (from Corporate Dealmaker)

Iron ore prices are way up (65% this year), and while stories of stolen manhole covers  abound, China -- the world's top steel producer -- is looking to beef up its iron ore deposits through acquisitions. Jiangsu Shagang Group Co., China's biggest privately owned steelmaker, is seeking to buy a...

Posted on June 20, 2008 12:59 PM

Britain welcomes deals from China's SWF (from Corporate Dealmaker)

Though concerned about Beijing's actions against protests in Tibet, British Chancellor of the Exchequer Alistair Darling would welcome investments in Britain from China's $200 billion Chinese sovereign wealth fund, China Investment Corp. Created in September, CIC may be the unidentified Chinese entity that has recently invested about $2 billion in...

Posted on April 15, 2008 5:44 PM