![CIC buys big](https://www.energyvoice.com/wp-content/themes/blocks-theme/assets/images/backgrounds/placeholder.png)
China Investment Corporation (CIC) has bought a 30% interest in GDF Suez’s exploration and production division for $3.15 billion.
Earlier this month, CIC and GDF Suez signed a memorandum of understanding for co-operation across multiple businesses and regions, especially Asia-Pacific. Worryingly for Europe, CIC will share in GDF Suez’s 39 licences on the Norwegian Continental Shelf (four operated), and exploration and production activities in the Netherlands, Germany and the UK.
Recommended for you
![Scottish Deputy First Minister Shona Robison (centre right) with HD Hyundai Heavy Industries senior vice president Hannae Choi (centre left).](https://wpcluster.dctdigital.com/wp-content/uploads/sites/4/2024/04/Hyundai-5-26vu8hg21-140x84.jpg)