CICC stake catches KKR, Fubon fancy
China Daily | Updated: 2009-12-03 08:06
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An investor at the CICC brokerage in Shanghai. The bank may see new investors after the stake sale. Jin Gong |
HONG KONG: Kohlberg Kravis Roberts & Co (KKR) and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said yesterday, in a deal that could be worth more than $1 billion.
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