China Investment Corporation Invests in Nobel Oil Group – Another Commodity Investment
Posted on 10/15/2009
According to the China Investment Corporation, “CIC has completed the settlement for its Phase I investment in 45% of the equity in Nobel Oil Group (“Nobel”) based in Russia. HongKong’s Oriental Patron has acquired 5% equity stake. The original Russian shareholders maintain their 50% stake. CIC has agreed to invest US$ 300 million in aggregation […]
