PAG picks minority stake in Home Credit China operations for $296.5m

PAG picks minority stake in Home Credit China operations for $296.5m

Shanghai skyscrapers are visible from an office estate in the city | Photo: Bloomberg

PAG, the Hong Kong-based private equity firm, is investing $296.5 million (2 billion yuan) for a minority stake in China operations of Home Credit Group, the financial giant from the Czech Republic, said a report in China Daily on June 19.

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