Carlyle completes another China Pacific Insurance sell-down
The Carlyle Group has completed another sell-down of China Pacific Insurance Group, offloading 18 million shares and reducing its stake in the company to 4.94% from 5.15%. The private equity has now generated nearly $3.7 billion through four sales since December 2010 and China Pacific remains on course to become one of its biggest cash exits globally.
According to a filing with the Hong Kong Stock Exchange, the shares were sold by Parallel Investors Holdings, one of two Mauritius-based vehicles through which Carlyle invested in China Pacific. Based...
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