Mystery buyer for Morgan Stanley CICC stake
China International Capital Corp. (CICC) chairman Li Jiange said publicly that his bank's longterm investor Morgan Stanley had finally fixed a buyer for its 34.3% CICC stake - but he declined to say who.
Kohlberg Kravis Roberts & Co. (KKR) and TPG Capital had previously been identified as the two firms most likely to take up the stake, and the final winner is almost certain to be one or the other, but...
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