Features
Forestry Management
Harvesting
China eyes BC timberland
November 7, 2012
By
John Tenpenny
Reports say that China is preparing to invest about $100 million in timber assets mainly on Vancouver Island.
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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