Primavera Capital invests $51m into China XLX
Urea might not be the most glamorous investment proposition, but China’s Primavera Capital seems more than satisfied with its latest deal, which marks its first foray into the Chinese agriculture space.
In buying up $51 million worth of convertible bonds issued by China XLX Fertiliser, the private equity firm will hold a 14.97% stake in the company once the bonds reach their five-year maturity. The...
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