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CIC buys 10% stake in Heathrow owner

Updated: 2012-11-02 07:54
By Diao Ying in London ( China Daily)

CIC buys 10% stake in Heathrow owner

China Investment Corporation, the country's sovereign wealth fund, has increased its investment in the infrastructure of the United Kingdom after buying a 10 percent stake in the company that owns London's Heathrow Airport.

It's the second major investment made by CIC this year in the UK's infrastructure, after the manager of China's $410 billion wealth fund, took an 8.86 percent stake in Thames Water, the largest water and sewage company in the UK, in January.

Figures provided by Ferrovial, the Spanish company selling some of the Heathrow shares, show the fund is paying 450 million pounds ($726 million) for the 10 percent stake in Heathrow Airport Holdings Ltd, which was previously known as BAA Ltd.

CIC buys 10% stake in Heathrow owner

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