Carlyle Said Joining Guangdong Stake Bid

Mazzucca, Tim
February 2006
American Banker;2/7/2006, Vol. 171 Issue 25, p20
Trade Publication
This article reports that Carlyle Group, a Washington private equity group, is joining a consortium led by Citigroup Inc. that is seeking an ownership stake in Guangdong Development Bank in southern China, according a report from a Beijing wire service. Citi is trying to buy 85% of Guangdong Development. According to the wire report Monday from XFN-Asia, Carlyle would own 20% of Guangdong if it entered the consortium.


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