BRIEF-Citic, Itochu Establish Investment Fund For Building Data Centers In China - Nikkei
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Jan 14 (Reuters) - CITIC Ltd:
* CITIC WILL ESTABLISH AN INVESTMENT FUND IN SINGAPORE WITH JAPANESE TRADING HOUSE ITOCHU FOR BUILDING DATA CENTERS IN CHINA - NIKKEI
* FUND WILL START OUT WITH INVESTMENTS FROM CITIC, ITOCHU, OTHER FINANCIAL INSTITUTIONS, WITH A GOAL OF RAISING 100 BILLION YEN IN A FEW YEARS - NIKKEI
* CITIC, ITOCHU PLAN TO EVENTUALLY TAKE THE FUND PUBLIC - NIKKEI
* CITIC WILL HANDLE LAND ACQUISITION AND CONSTRUCTION OF DATA CENTERS, ITOCHU WILL FOCUS ON FUND MANAGEMENT - NIKKEI Source text (https://s.nikkei.com/2SUtHTp) Further company coverage:
