Warburg Pincus to buy stake in Chinese mutual fund business
Warburg Pincus is set to acquire Société Générale's (SocGen) 49% interest in Fortune SG Asset Management, a Sino-foreign mutual fund joint venture with China’s Baosteel Group.
The investment has already received regulatory approval by the China Securities Regulatory Commission. It means Warburg Pincus - which will invest through its affiliate Warburg Pincus Asset Management...
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