PE firms to bid for China Huarong stake – report
A group of around 20 investors are said to be preparing to submit first-round offers for a minority stake worth $2 billion in China Huarong Asset Management ahead of the non-performing loan (NPL) manager’s IPO.
According to Reuters, KKR, BlackRock, The Blackstone Group and Bain Capital are preparing bids, as well as several sovereign wealth funds from Asia and the Middle East. The expected investment comes in...
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