moving even closer as bed-fellows that of late...
Interesting!
The Globe and Mail
Because everybody and their mother wants to get their hands on Chinese companies right now, a competitive bid process was set up. Power Corp. ultimately won that, and will buy a 10-per-cent stake for $276-million (Canadian).
The deal provides Power Corp. with some good access to the Chinese market. China AMC is the country’s largest fund management firm by market share, with approximately $35-billion (U.S.) in assets under management. And not only is it a play on China, but it’s also a play on low risk wealth management, which doesn’t require much capital to create a return.
http://www.theglobeandmail.com/globe-in ... le2126282/
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