PAG Asia makes $616m bid for Yingde Gases co-founder stake

PAG Asia makes $616m bid for Yingde Gases co-founder stake

Hong Kong-based private equity firm PAG has struck a deal with the three co-founders of Yingde Gases to buy their stake in the firm for $616 million, the latest twist in a months-long battle for control one of China’s largest industrial gases company.

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