Hony, GCS named preferred bidders for Dexia unit – report
Hony Capital has teamed up with GCS Capital, a PE firm founded by former investment banker Guocang Huan, to buy the asset management arm Dexia in a deal worth EUR500 million ($615 million). The Franco-Belgian financial group is one of the biggest victims of the European debt crisis.
The sale is part of a wider divestment process launched by Dexia following its rescue last October by the Belgian, French and Luxembourg governments. The asset management arm of the twice-bailed-out European...
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