BLACKSTONE TO BUY INTO CHINA NATIONAL BLUESTAR
AsiaInfo Services, July, 2007
AsiaInfo Services 07-05-2007 Blackstone to Buy into China National Bluestar BEIJING, Jul 05, 2007 (SinoCast via COMTEX) -- Blackstone Group is likely to buy a 20% to 40% stake of China National Bluestar (Group) Corporation for USD 400 million, according to local media. The widespread saying was soon indirectly confirmed by the Chinese company, saying it is in close talks with the US-based private equity but has not inked any formal contracts by now. As one of the world's leading investment and advisory companies, Blackstone has begun shifting its focus to China among other Asian countries after it gained USD 3 million investment from China's state foreign exchange investment company (SIC). In order to fuel its expansion in the huge Chinese market, Blackstone has...
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