TITLE

Blackstone sets its sightson China BlueStar stake

AUTHOR(S)
Kovac, Matt
PUB. DATE
July 2007
SOURCE
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26745877

 

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