China Investment Corporation Purchases Stake in Kazakh Gas Company for $939 Million

Posted on 09/30/2009

With an arsenal of nearly US$ 300 billion, the China Investment Corporation (CIC) acquired a stake in Astana, Kazakhstan-based JSC KazMunaiGas Exploration Production for about US$ 939 million by purchasing global depositary receipts. China has massive foreign reserves and is investing in more oil and gas assets. CIC recently invested in Indonesia’s PT Bumi Resources […]