MONTREAL, Dec. 28, 2011 /CNW Telbec/ - Power Corporation announced today that it has finalized the purchase of a 10% stake of China Asset Management Co. Ltd. (China AMC) from its current owner, CITIC Securities Co. Ltd. This transaction was announced on August 11, 2011.
China AMC was established in 1998 and was one of the first asset management companies approved by the China Securities Regulatory Commission. It is recognized as the leading company in the Chinese asset management sector.
Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors in North America, Europe and Asia.
Mr. Edward Johnson
Senior Vice-President,
General Counsel and Secretary
514-286-7400