2012 | OriginalPaper | Buchkapitel
Chinese State-Controlled Funds and Entities in Canada
verfasst von : Xiaohua Lin, Qianyu Chen
Erschienen in: Chinese International Investments
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
In July 2009, Teck Resources Limited, Canada’s largest mining company, approved the purchase by China Investment Corporation (CIC) of 101.3 million Class B subordinate voting shares of Teck through a wholly owned subsidiary. The CIC would indirectly hold approximately 17.5 percent of Teck’s outstanding Class B subordinate voting shares, representing 17.2 percent equity and 6.7 percent voting interests in Teck (Bouw, 2010). By the end of 2009, CIC’s stake in Teck was worth US$3.5 billion, making Teck its largest single equity holding (Perkins, 2010). At about the same time, in December 2009, Canada and China signed a deal for PetroChina to invest US$1.7 billion in two Canadian tar-sand deposits in Alberta (Polzcer, 2009). If successfully implemented, these two deals will become the largest acquisitions so far by China’s State-Controlled Funds and Entities (SCFEs) in North America.