China Investment Corp, the country’s sovereign wealth fund, has bought an 11 per cent stake in London-listed JSC KazMunaiGas Exploration Production, marking its third global investment in natural resources assets in just one week.
CIC said it paid $939m to buy London-traded Global Depositary Receipts in the Kazakhstan-based oil and gas company, marking a further advance by China into the hotly contested central Asian energy sector.
