China's State Investment Company To Acquire Stake In Us Private Equity Group

China's State Investment Company (SIC) has agreed to make a US$3 billion investment in The Blackstone Group, in the form of non-voting common units. The…

1 minute readJune 01, 2007 at 12:58 AM

clpstaff

China's State Investment Company (SIC) has agreed to make a US$3 billion investment in The Blackstone Group, in the form of non-voting common units. The sale will close concurrent with Blackstone's planned US$4 billion initial public offering (IPO).

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