Features Forestry Management Harvesting
China eyes BC timberland

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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