CIC interested in buying Nordea's stake

China Investment Corporation (CIC), the sovereign wealth fund which manages US$200 billion of China's foreign exchange reserves, showed interest in buying stake of the Stockholm-based financial services group Nordea AB from the Swedish government, sources reported.

Gao Xiqing, the general manager of CIC, told sources during his trip to Sweden that CIC plans to contact Nordea and learn more about the biggest bank in the country as the Swedish government is privatizing the bank.

Currently, the state government is the largest shareholder of Nordea, with 19.9% stake in it.

CIC has been actively involved in overseas investment. Last December, it injected US$5 billion to acquire a 9.9% stake in Morgan Stanley.