Warburg Pincus to make partial exit from China Biologic
Warburg Pincus has agreed to make another partial exit from China Biologic Products, a US-listed bio-pharmaceutical developer, generating proceeds of about $308 million.
According to a filing, Warburg Pincus is offloading 2.77 million shares of the company, or a 10.4% stake, at $111 apiece. Following the transaction, which is expected to close around June 8, the private...
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