Money
China's CIC to invest in L'Occitane's HK IPO
(Agencies)
Updated: 2010-04-20 13:52
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HONG KONG - China's sovereign wealth fund China Investment Corp plans to invest $50 million in L'Occitane International SA's Hong Kong initial public offering, the French cosmetic retailer said on Monday.
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L'Occitane plans to raise up to $708 million in a Hong Kong IPO, a source close to the deal said late on Sunday, becoming the first French company to list in Hong Kong.?
