Goldman Sachs Group (GS) and private equity firm Warburg Pincus
L.L.C. are among eight firms advancing to the the next round of the
sale of China Huarong Asset Management Co. Ltd., Reuters reported
Wednesday, citing people familiar with the matter. Other firms
include Malaysian sovereign wealth fund Khazanah Nasional KHAZA.UL,
private equity firm Apax Partners and a unit of Deutsche Bank AG
(DB), they said.
Huarong, China's biggest bad debt manager, is planning to sell a
stake of between 15% and 20% to investors ahead of an eventual
public offering, the report said.
Final bids are due around mid-April, one person said.
Full story at
http://www.reuters.com/article/2014/04/09/us-huarong-auction-idUSBREA3807L20140409
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