Carlyle ensures major exit with China Pacific
Carlyle Group-backed China Pacific Life Insurance Co., the Number Three Chinese domestic insurer, is planning to debut on the Hong Kong Stock Exchange with approval from the Chinese government, targeting to raise $3.4 billion, before Christmas 2009.
The company appointed China International Capital Corp (CICC) as lead underwriter, while UBS, Goldman Sachs and Credit Suisse are also helping to arrange the share sale. Carlyle invested $400 million...
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