Seeking Alpha

Bloomberg: China's Citic Pacific to buy assets from parent in $40B deal

  • China's Citic Pacific (CTPCF), the builder of the largest magnetite mine in the world, intends to buy assets from state-owned parent Citic Group in a deal that could be valued at $40B, Bloomberg reports.
  • Citic Pacific also intends to sell shares as part of the transaction.
  • Citic Group, meanwhile, plans to transfer its domicile to Hong Kong.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs