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Article: China : AES Debate China s Infrastructure Grab.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
China is at it again buying key infrastructure access. AES Corp. disclosed on Friday, along with earnings, that the company was raising significant cash. This is a capital raise which also may raise some eyebrows because the company is selling a 15% stake to China s sovereign wealth fund, China Investment Corporation. The stake sale will bring in $1.58 billion for expansion of global projects. AES also announced a Letter of Intent to sell a 35% minority stake in its global wind generation business valued at $571 million on top of the stake sale. Where this will get very interesting is over the implications and over the regulations of this trend.
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