UK's Centricus groups up with Chinese language corporations to arrange $15 bln tech fund
(Reuters) - London-based funding company Centricus has partnered with Chinese language corporations China Traders Staff and SPF Staff to release a 100 billion Chinese language yuan ($15.11 billion) fund to put money into generation corporations, the 3 corporations mentioned on Sunday.
The fund will probably be used to put money into and purchase generation corporations predominantly in China but in addition globally, the firms mentioned.
China Traders Capital Funding Control Co Ltd, the funding arm of conglomerate China Traders Staff, and different China-based buyers will give a contribution as much as 40 p.c to the fund, the firms mentioned in a remark.
Centricus and asset control corporate SPF Staff will shape a three way partnership which will probably be tasked with assembling world buyers, they mentioned.
($1 = 6.6171 Chinese language yuan renminbi)
Reporting by way of Rama Venkat Raman in Bengaluru
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