SWF Radar

Reuters writes that, “China sovereign wealth fund China Investment Corp (CIC) is in ‘intensive talks’ to buy the whole of Allianz’s Dresdner Bank, a German newspaper [the Sueddeutsche Zeitung (SZ)] reported on Thursday, citing industry sources.”

Here is the SZ article (German language).

The SZ article says that the attempt by the Chinese to buy Dresdner would be a “Politikum,” which means “political hot potato.” This is certainly an understatement.