Financial Times FT.com

CIC makes food security a priority

By Jamil Anderlini in Beijing, Javier Blas in London, and Sundeep Tucker and Tom Mitchell in Hong Kong

Published: September 22 2009 19:15 | Last updated: September 22 2009 19:15

China Investment Corporation’s purchase of an $856m stake in Noble Group, the commodities trading company, is the clearest indication yet that Beijing wants to secure agricultural commodities supplies after last year’s food crisis.

The investment in a sector aligned so closely with the government’s strategic objectives marks a shift for the sovereign wealth fund, which is interested increasingly in deals that are linked directly to the perceived national interest.

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