Warburg Pincus trims stake in China Biologic
Warburg Pincus has generated $425.7 million by selling an approximately 16% interest in US-listed biopharmaceuticals developer China Biologic Products.
The PE firm sold 3.9 million shares at $110 apiece, according to a statement. A separate filing indicates that Warburg Pincus' stake in China Biologic will fall from 19.1% to 6.3%. Meanwhile, Warburg Pincus'...
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