Deals
CNIC, GIC In Talks for China Three Gorges Foreign Unit Stake
- Share of overseas portfolio could fetch as much as $4 billion
- State-backed firm planned to introduce investors since 2019
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CNIC Corp. and GIC Pte are among investors in talks with China Three Gorges Corp. about investing in its overseas asset portfolio, according to people familiar with the matter.
Chinese state-backed fund CNIC and Singaporean sovereign wealth investor GIC are separately working with advisers on potentially buying into the power company’s international unit, the people said, asking not to be identified as the matter is private. Another Chinese state-owned fund is also weighing an investment, one of the people said.