Warburg Pincus makes partial exit from China Auto Rental
Warburg Pincus has completed a partial exit from China Auto Rental (CAR), raising HK$3.1 billion ($401 million) and reducing its stake in the company to 11%.
Amber Gem Holdings, a wholly-owned subsidiary of the PE firm, sold 168 million shares via a placement to third parties, according to a filing. They were be priced at HK$18.50 apiece. Warburg Pincus invested...
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