Warburg Pincus set to buy minority stake in Chinese fund house
Warburg Pincus has received regulatory approval to acquire a 23.3% stake in Zhong Ou Asset Management (Zhong Ou AMC), a Chinese mutual fund manager, from Italy's Intesa Sanpaolo Bank.
The deal, which has been signed off by the China Securities Regulatory Commission (CSRC), will see the private equity firm become the largest institutional shareholder in Zhong Ou AMC. The business...
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