Wood Business

Features Forestry Management Harvesting
China eyes BC timberland

Reports say that China is preparing to invest about $100 million in timber assets mainly on Vancouver Island.


November 7, 2012
By John Tenpenny


Topics

CBC.ca is reporting that The Wall Street Journal said China’s government wealth fund, the China Investment Corp., is negotiating with Toronto-based Brookfield Asset Management for a 12.5 per cent stake in Island Timberlands, which owns about 254,000 hectares of forest land.

Without identifying its sources, it said a deal could be announced as early as this week.

Island Timberlands is jointly owned by a subsidiary, Brookfield Infrastructure Partners, and other institutional investors.

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