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28 Mar
11:19

Angang to establish steel industry investment fund

Chinese state-owned Anshan Iron & Steel Group (Angang) says that it plans to establish a steel industry investment fund with China International Capital Corporation(CICC). The two organisations have recently signed a related strategic cooperation agreement on financing, merger & acquisition and private equity investment in the steel industry, Kallanish notes. Angang owns mining, steelmaking, trading, engineering and logistics businesses. L…
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