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Chinese fund vies for German gas station operator

China Investment Corp sees Tank & Rast as opportunity to increase foothold in Germany

China Investment Corp is in the running to buy a German highway rest stop and gasoline station company that could be valued at about €3 billion, which would be by far the largest Chinese acquisition in Germany, according to people familiar with the matter.

The potential bid is the latest sign of the sovereign wealth fund's ambitions to boost direct investments in overseas assets.

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