China Sovereign Wealth Tenders Potash Stake

Posted on 09/25/2015


Commodity investing has been a major headache for Asian sovereign funds. Potash has been hit with weak demand due to oversupply, prices have fallen over 30%. The China Investment Corporation (CIC), through its sovereign wealth enterprise Chengdong Investment Corporation, is tendering its US$ 1.2 billion stake in Russian potash giant Uralkali PJSC. CIC had a […]