Business
Power Corporation of Canada finalizes the purchase of a 10% stake in China Asset Management Co. Ltd.
MONTREAL, Dec. 28, 2011 /CNW Telbec/ - Power Corporation announced today that it has finali...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n\n\n\n\n\nMONTREAL, Dec. 28, 2011 /CNW Telbec/ - Power Corporation announced today\n that it has finalized the purchase of a 10% stake of China Asset\n Management Co. Ltd. (China AMC) from its current owner, CITIC\n Securities Co. Ltd. This transaction was announced on August 11, 2011.\n\n\nChina AMC was established in 1998 and was one of the first asset\n management companies approved by the China Securities Regulatory\n Commission. It is recognized as the leading company in the Chinese\n asset management sector.\n\n\nPower Corporation of Canada is a diversified international management\n and holding company with interests in companies in the financial\n services, communications and other business sectors in North America,\n Europe and Asia.\n\n\n Mr. Edward Johnson Senior Vice-President, General Counsel and Secretary 514-286-7400 \n","length":1060,"tagName":"div"}]