July 30, 2019 |
China's Silk Road Fund has taken a stake in the Argentine power company YPF Luz through an arrangement with General Electric (GE), the US conglomerate's legal adviser, Shearman & Sterling, confirmed to LatinFinance.
GE transferred its 25% stake in YPF Luz, a division of the state-owned energy company YPF, to BNR Infrastructure Investment, a company it owns with the Silk Road Fund.
The Chinese government set up the Silk Road Fund to manage investments for the Belt and Road Initiative (BRI). G
GE transfers its 25% share in the Argentine power company to a firm it owns with the Silk Road Fund