The corporation released little detail on the transaction. A statement on its website reads:
‘China Investment Corporation （CIC） has, through one of its wholly-owned subsidiaries, acquired an 8.68% stake in Thames Water, UK’s water and sewerage company.’
The deal follows the 9.9 per cent stake in Thames Water acquired last month by the Abu Dhubi Investment Authority.
Thames Water was acquired in 2006 from German utility RWE by the Kemble consortium, led by Australian investment bank Macquarie in a deal that valued Thames at about £8 billion.