O2 arena operator in talks with CIC over stake: Sky News

Sky’s Mark Kleinman, citing people close to the situation, wrote in his blog on Friday that AEG was holding exploratory talks with investors, including sovereign wealth fund China Investment Corporation, to raise funds for its international expansion plans.AEG holds a sub-lease on the O2 arena, a major events venue in London, through its subsidiary Ansco Arena Limited, until 2110. It also owns or controls conference and sporting venues in the U.S. and Beijing.CIC met AEG executives last week at the London offices of Morgan Stanley, which is advising the entertainment group on the potential fundraising deal, Kleinman said.The sources also cautioned that AEG may be only conducting a valuation exercise, Kleinman added.AEG Europe and Morgan Stanley declined to comment. CIC could not be reached for comment
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