MSPEA exits Sino Gas stake to investment partner
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Sino Gas to Zhongyu Gas. The buyer participated alongside MSPEA in the privatization of Sino Gas last year and will now take a majority stake in the business.
Hong Kong-listed Zhongyu said in a regulatory filing that it would pay MSPEA $78.7 million for the stake, more than double the private equity firm's equity commitment to the privatization. As a result,...
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