Blackstone takes China Animal stake
The Blackstone Group has made a commitment giving it exposure to China's foods and agriculture and healthcare sectors, by leading a significant minority investment in Singapore-listed China Animal Healthcare, a maker of animal drugs and vaccines, for almost $44 million.
Blackstone is making the investment by buying a combination of new shares and convertible bonds. The capital will be used for working requirements, as well as to fund potential acquisitions. China Animal...
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