Swiss Life Insurance Fund to Purchase Small- and Medium-Sized Power Stations in SichuanAfter two years¡¯contacts and talks, Swiss Life Insurance Fund and related departments of Sichuan will ultimately sign concerning contracts, Swiss side offering $100 million to purchase part of Sichuan's small and medium sized power stations.It's the first time that foreign investors purchase power stations in Sichuan. It's found out that Sichuan Provincial Trade Promotion Association ¡°played the go-between¡± and Swiss Life Insurance ¡°fell in love at the first sight¡± with electricity enterprises of Mianyang, Leshan and other places. After two years of contacts and talks, they reached an intention of cooperation. Swiss Life Insurance will offer USD 100 million to purchase 3 or 4 power stations in Mianyang, Leshan and other places, holding 80% shares. Swiss Life Insurance will pack them up and strive for their listing in three or four years. |
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