China Pacific
Source: Bloomberg News |
July 21, 2012, Saturday
|
Print Edition
Print Edition
FUNDS controlled by Carlyle Group LP, the world's second-largest private-equity firm, are selling as much as US$738 million of shares in China Pacific Insurance (Group) Co. Carlyle Holdings Mauritius Ltd and Parallel Investors Holdings Ltd are selling 220 million shares in the Chinese insurer for HK$25.5 to HK$26 (US$3.35) each, the terms for the sale showed yesterday. The selling price represents a discount of as much as 5.2 percent to the stock's closing price in Hong Kong yesterday.
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