GE Talks to Asia Sovereign Funds: Report
General Electric
(GE) - Get General Electric Company 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
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.
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
.
This article was written by a staff member of TheStreet.com.
