After announcing on June 2 that the China Investment Corporation (CIC) decided to buy US$1.2 billion worth of common stock shares in Morgan Stanley, the CIC, the country's sovereign wealth fund, showed yesterday intense interest in holding shares of the Italian largest electric power company Enel SpA.
Italian newspaper Il Giornale, a property of Italian Prime Minister Silvio Berlusconi, quoted Tuesday that its Trade Minister Adolfo Urso is saying: the CIC intended to hold shares through the way of financial investment.
Materials showed Enel has started an 8-billion-euro (about US$11 billion) plan of allotting shares to raise funds. Moreover, foreign agencies reported that the Libyan Investment Authority, who owns US$80 billion current assets, planned to purchase a few of Enel's shares.
For more details, please read the full Chinese coverage at:
http://www.dfdaily.com/node2/node27/node121/userobject1ai173026.shtml
(China.org.cn June 10, 2009)
