PAG said to plan $10b merger, offshore IPO of Chinese gas assets

PAG said to plan $10b merger, offshore IPO of Chinese gas assets

PAG group chairman and CEO Weijian Shan. Photo: PAG

Private equity firm PAG plans to merge its two Chinese industrial gases portfolio companies and seek an offshore listing for the combined entity estimated to be worth more than $10 billion, two people with knowledge of the matter said.

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