GE Talks to Asia Sovereign Funds: Report

General Electric is in talks with four Asian sovereign wealth funds, including China Investment Corp., to win them as investors, a report says.

Author:: TSC Staff
Publish date:: Nov 20, 2008 5:45 AM EST

General Electric

(GE) - Get Report

is in talks with four Asian sovereign wealth funds, including China Investment Corp., to win them as investors, according to a media report.

The funds also include Government of Singapore Investment Corp. and Temasek Holdings, also of Singapore, as well as China Safe Investments, a Brussels-based GE spokeswoman said Thursday,

Bloomberg

reports.

The spokeswoman confirmed comments made by from Ferdinando Beccalli-Falco, international head at GE, reported by the

Financial Times Deutschland

The negotiations follow GE's $8 billion venture with Abu Dhabi's Mubadala Development,

Bloomberg

reports, as GE seeks to tap infrastructure spending outside its home market.

Talks with "a number" of sovereign wealth funds interested in water-technology projects have been held, Steve Bolze, who runs GE's power and water unit, said Wednesday, according to

Bloomberg