MILAN, Sept 15 China's sovereign investment fund
could take a stake of up to 20 percent in Italy's strategic
investment fund, Italian daily Il Messaggero said in an
unsourced report on Thursday.
The China Investment Corporation could take 10-20 percent in
Italy's strategic fund, which is being set up by the
state-controlled holding Cassa Depositi e Prestiti SpA, it said.
The chairman of the CIC, Lou Jiwei, recently met Italy's
Economy Minister Giulio Tremonti, the Bank of Italy, and CDP
chiefs during a roadshow in Rome, it said.
Italy's strategic fund was set up in response to a wave of
foreign takeovers of Italian companies, such as jeweller Bulgari
and dairy firm Parmalat .
In July, CDP approved the fund's statutes and an initial 1
billion s ($1.37 billion) capital. The newspaper said the
strategic fund became operational on Monday.
The fund is due to take stakes in infrastructure, defence,
security, transport, communications and energy companies to
support their expansion.
In recent days, there has been talk of emerging economies,
such as China, investing in European government bonds.
($1 = 0.731 Euros)
(Writing by Nigel Tutt)