De Shaw in Talks for Up to 20 Percent Stake in China's Teda
Reuters Hedgeworld › December 15, 2011
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Summary
HONG KONG (Reuters) - U.S.-based asset manageris in advanced talks to buy an up to 20 percent stake in state-controlled Chinese investment company TEDA International Holding (Group) Co. for between $500 million and 600 million, said a source familiar with the matter.
DE Shaw's planned investment in TEDA International was a precursor to the Chinese company's planned initial public offering in 2013, the source told Reuters on Wednesday [Dec. 14]. The source was not authorized to speak about the deal and declined to be identified.See the full content of this document
Extract
De Shaw in Talks for Up to 20 Percent Stake in China's Teda
The pricing of the TEDA deal and the stake were subject to final ...
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