Carlyle divests China Pacific Insurance
Days after The Carlyle Group announced that it would sell $860 million worth of shares in China Pacific Insurance, the third-largest insurer in the PRC, the US buyout giant declared that it will offload an additional 415 million shares in the company, for $1.8 billion.
On December 30, Carlyle announced that it would sell an approximate 2.5% stake in China Pacific. According to Reuters, the firm will now offload 415 million shares at a discount of 0-.5% of the stock's...
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