China Development Bank applies for stake in TPG
Government-owned China Development Bank (CDB) is reportedly seeking permission to purchase a stake in TPG Capital, coming one month after TPG sold a 4.5% stake to the Government of Singapore Investment Group (GIC) and the Kuwait Investment Authority (KIA).
The news, first reported by the Financial Times, comes as CDB submitted the necessary filings to regulators for the stake. TPG is slated to allocate the undisclosed investment from GIC and KIA for its...
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