Chinese PE Sinocurrent, Hemei Group to set up $1.45b retail-focused M&A fund

Chinese PE Sinocurrent, Hemei Group to set up $1.45b retail-focused M&A fund

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

Chinese private equity firm Sinocurrent Investment Corporation and retailer Hemei Group have entered into an agreement to launch a 10 billion Chinese yuan ($1.45 billion) M&A fund.

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