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The announcement of $7.3B in deals during Chinese VP Li Keqiang's visit to Spain is basically...

The announcement of $7.3B in deals during Chinese VP Li Keqiang's visit to Spain is basically the finalization of Sinopec's (SHI +7.19%) $7.1B acquisition of a stake in Repsol (REP -2.05%). Li also reiterated China's support for Spanish debt.
Comments (1)
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Typical political announcement.

     

    China buys Repsol's Brazilian assets (7.1 of the $7.3B) which was announced in October.

     

    Ah, yes! they are also buying some ham (the best in the world in my opinion) and say they have "faith" in the Spanish debt.
    5 Jan 2011, 12:24 PM Reply Like
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