Breaking News, World News and Taiwan News.

Updated Saturday, August 15, 2009 2:27 pm TWN, Bloomberg

Blackstone said to plan equity fund with Shanghai

NEW YORK -- Blackstone Group LP, the world's biggest buyout company, plans to form a yuan-denominated private equity fund with the Shanghai government to invest in Chinese companies, according to an official from the Shanghai Pudong government financial services division. The government signed a memorandum of understanding with the New York-based buyout fund Friday and plans to make an announcement as early as Friday, the official said, asking not to be identified before it becomes public. Peter Rose, a New York- based spokesman at Blackstone, couldn't immediately be reached for comment.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.