CIC Rebalance: Sells 300 Million Shares in Noble Group

Posted on 09/30/2014


In a strategic move to rebalance its large direct holdings, sovereign wealth fund China Investment Corporation (CIC) sold about 1/3 of its holdings in Singapore-listed Noble Group Limited, a global commodity trader company. In 2009, the CIC acquired a 14.3% stake in Noble Group, betting on the natural resource theme. Noble Group is a major […]

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