La China is ready to join the infrastructure fund F2i, a fund promoted, among others, by Cassa depositi e prestiti, Intesa San Paolo and Unicredit. This was revealed by Corriere della Sera, explaining that Beijing's sovereign wealth fund China Investment Corporation, chaired by Ding Xuedong, intends to invest in the F2i fund well 120 million euro.
Today the board of the F2i fund has on the agenda the approval of the investment by the CIC which will bring the fund close to the starting target of one billion euros by July. In fact, to date the second fund promoted by F2i has reached this point 800 million euro but with the investment coming from the Far East and another 50 million from Bnp Paribas, the infrastructure fund is very close to the one billion euro target.
Cic will enter the fund after having obtained the guarantee of being able to express a member on the board and the possibility of exercising the right of veto on the choice of investments to be made and on the managers who will lead the subsidiaries.
