Blackstone sets its sightson China BlueStar stake

Kovac, Matt
July 2007
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p4
Trade Publication
The article reports that private-equity group Blackstone is in discussions to take a possible 30% stake in Chinese chemicals firm China National BlueStar for an estimated $400m. Blackstone had launched an initial public offering on the New York Stock Exchange in June 2007. The investment signals Beijing, China's desire to tap into the private equity boom that has gripped the world.


Related Articles

  • Blackstone Eyes Equity in BlueStar.  // China Chemical Reporter;7/16/2007, Vol. 18 Issue 20, p5 

    The article reports on the plan of U.S. private equity Blackstone Group to acquire a stake in China National BlueStar Corp. According to sources, both sides sides are negotiating initially and have not signed any agreement. Bluestar is plans to have initial public offering (IPO) in Hongkong,...

  • Blackstone eyes China's BlueStar.  // Plastics News;7/16/2007, Vol. 19 Issue 20, p11 

    The article reports that according to a Hong Kong newspaper, U.S. investment house Blackstone Group Inc. is in talks to buy 30 percent of Chinese chemical and plastics maker China National BlueStar Group for $500 million. The newspaper "South China Morning Post" said that Blackstone's interest...

  • Private equity group Blackstone to take stake in China's Bluestar.  // Plastics News;9/24/2007, Vol. 19 Issue 30, p10 

    The article reports that the U.S. investment house Blackstone Group Inc. has confirmed that it will invest as much as $600 million for a 20 percent stake in plastics and chemical maker China National Bluestar (Group) Corp. It is informed that the investment will be used to expand Bluestar....

  • ChemChina and Blackstone Finalize Bluestar Deal.  // China Chemical Reporter;10/26/2008, Vol. 19 Issue 30, p7 

    The article reports on the finalization of the regrouping deal between China National Chemical Corp. and Blackstone Group LP for China National Bluestar Group Corp., a wholly owned subsidiary of ChemChina, in China. Under the deal, Blackstone will invest $600 million in China National Bluestar...

  • Private Equity Firm Takes Stake in ChemChina's Bluestar. Westervelt, Robert // Chemical Week;9/19/2007, Vol. 169 Issue 30, p8 

    The article reports that New York-based Blackstone Group will invest up to $600 million for a 20% stake in ChemChina's China National Bluestar unit, the first major move in chemicals by a private equity firm in China. ChemChina and Bluestar have been building a presence outside of China with...

  • Blackstone sets its sightson China BlueStar stake.  // ICIS Chemical Business Americas;7/9/2007, Vol. 272 Issue 2, p4 

    The article reports that private equity firm Blackstone is in negotiations to buy a stake in chemical company China National BlueStar.

  • NDRC Nodded Blackstone for BlueStar Deal.  // China Chemical Reporter;1/26/2008, Vol. 19 Issue 3, p9 

    The article reports that the National Development and Reform Commission (NDRC) has officially approved the agreement of Blackstone Group Inc. for the 20% stake in China National BlueStar Group Corp. It is said that once the deal is complete, China National Chemical Corp. (ChemChina) will hold...

  • Blue Star set for 7 Lanzhou projects.  // Asian Chemical News;9/8/2003, Vol. 9 Issue 415, p21 

    Deals with the investment of China National Blue Star Corp. in seven chemical plant projects in Lanzhou, Gansu, China. Total cost of the projects; Details of construction plans; Capacities of the plants.

  • Suppliers Consolidate in Rapidly Growing Sector. Phillips, Kate // Chemical Week;1/28/2008, Vol. 170 Issue 3, p29 

    The article deals with the consolidation in the global water treatment market. Israel Chemicals Ltd.'s (ICL) recently announced agreement to purchase Henkel's industrial water treatment business for €60 million provides ICL with advanced water treatment technology and intellectual...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics