Warburg Pincus in partial exit from China Biologic
Warburg Pincus has raised $241.5 million by reducing its stake in US-listed biopharmaceutical developer China Biologic Products.
According to a regulatory filing, the private equity firm sold 2.3 million shares at $105 apiece, with the transaction to close on June 15. The sale will reduce its stake in the company from 42.8% to...
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