Warburg Pincus seeks $113 million through Intime Department Store stake sale
Warburg Pincus is looking to raise up to $113 million through the sale of more than one-third of its remaining stake in Hong Kong-listed Intime Department Store Co.
According to reports, following the sale, the New York-based PE firm will hold a 10.1% stake in Intime, from its current 15.8%. The news comes as Intime looks to expand its brand to 10 new locations in...
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