CIC Monetizes Part of Teck Resources’ Position
Posted on 09/05/2017
In a pivot, the China Investment Corporation (CIC) lowered its ownership position in Vancouver, B.C.-based Teck Resources Limited. CIC, through one of its sovereign wealth enterprises called Fullbloom Investment Corporation, sold 42 million Class B subordinate voting shares of Teck, worth about 7.26% of all outstanding Teck shares in a privately-negotiated deal. Post-deal, CIC indirectly […]
