SHANGHAI (Reuters) – China Investment Corp, a $200 billion sovereign wealth fund, and state-owned China Development Bank are both in talks to buy into CITIC Capital Holdings Ltd, an official newspaper said on Thursday.
Three parties including CIC, CDB and CITIC Group, which is directly led by the State Council, China’s cabinet, are involved in the talks, which have been ongoing for more than half a year, the Shanghai Securities News reported, citing a source close to the deal.
