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Morgan to Sell CICC Stake

Morgan Stanley re-started the sale of its stake in China's first joint-venture investment bank, a deal that could fetch over $1 billion and would remove a major roadblock in the U.S. firm's effort to build a bigger presence in China. ...full story at WSJ

from WSJ on Wed, Nov 04 2009

see also:

30 Jul 08 visit China Shop -Morgan  »  YouTube videoOne of my favorites~ i've looked all over youtube for songs by Morgan, and couldn't find any. So i figured i should upload it myself so people can listen to this. :) Album: And the moon was hungry morgan website: enjoy. Lyrics: This squalor that we...
03 Jun 09 visit CIC increases its stake in US bank  »  People's Daily China Investment Corp (CIC), the nation's $200 billion sovereign wealth fund, plans to spend $1.2 billion on buying 44.7 million shares of common stock in Morgan Stanley. Morgan Stanley, the sixth-largest US bank by assets, said last night it was...
23 Dec 07 visit CIC gives reference price for Morgan Stanley share purchase  »  People's Daily China Investment Corp. (CIC) said on Saturday the reference price for its stake in U.S.-based Morgan Stanley was fixed to range from 48.07 to 57.684 U.S. dollars per share. China's state-owned forex investment firm reached an agree ...
03 Jun 09 visit CIC Dips a Billion-Dollar Toe Back In U.S. Water  »  China Journal China Investment Corp.'s purchase of an additional $1.2 billion stake in Morgan Stanley is the Chinese sovereign wealth fund's first big public investment in a western bank since the global financial crisis worsened early last year.
21 Dec 07 visit Market, experts hail Morgan Stanley deal  »  People's Daily The international market sees it as a big business move and experts hail it as a deal in the right direction. China Investment Corp (CIC), the country's sovereign wealth fund, has injected $5 billion into Morgan Stanley within three mont ...
11 Dec 07 visit Credit Suisse And Morgan Stanley Close To Investment Banking In China  »  Zhonghuarising While news of state-owned Chinese firms taking over British, American, African (etc...) firms continue to spread, one needs to dig a little deeper to see the bigger picture, a picture that might perhaps involve the small-time acquisitions and stake-buying...

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