Mandarin Capital exits Dagong Europe to Chinese JV partner
Mandarin Capital Partners has sold its 40% stake in a European credit ratings agency to joint venture partner Dagong Global Credit Rating. China-based Dagong is now the sole owner of the asset.
Dagong Europe Credit Rating was established in Milan in 2012 and won approval from the European Securities & Markets Authority (ESMA) the following year. The aim was to give Dagong an international footprint...
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