Itochu and CP take 20% of CITIC Group

Japan's third-largest trading house, Itochu Corp, and Thailand's Charoen Pokphand Group are planning to invest 10 billion US dollars in China International Trust and Investment Corporation, or CITIC Group.

CITIC is China's biggest conglomerate for attracting and utilizing foreign capital and introducing advanced technologies.

Itochu and CP Group will take a joint stake of as much as 20 percent as both investors seek opportunities in China's real estate, infrastructure, agriculture, and new-energy services.

The deal comes as Citic has been broadening its investor base as part of Chinese President Xi Jinping's efforts to reform state-owned enterprises.

《Itochu and CP take 20% of CITIC Group》永久阅读地址: http://91kudian.com/yingyu/19166/