It's FountainVest versus state-owned pharma firm for Cardinal's China unit

It's FountainVest versus state-owned pharma firm for Cardinal's China unit

The entrance to the headquarters of Cardinal Health Inc. in Dublin, Ohio. Photographer: Jay LaPrete/Bloomberg News.

Private equity firm FountainVest Partners Co. is vying with a state-owned pharmaceutical group to acquire Cardinal Health Inc.’s Chinese distribution unit, which could fetch more than $1 billion, people familiar with the matter said.

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