CSRC review of MS CICC stake sale begins
Morgan Stanley has begun the formal application process to the China Securities Regulatory Commission (CSRC) for the sale of its 34.3% stake in PRC investment bank China International Capital Corp. (CICC).
Kohlberg Kravis Roberts & Co. and TPG Capital are two of the private equity firms cited as in discussions over a potential deal. An eventual sale may fetch over $1 billion on Morgan Stanley's original...
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