TPG said to raise $303m selling 75% of its CICC stake

TPG said to raise $303m selling 75% of its CICC stake

Photo: Bloomberg

TPG raised HK$2.38 billion ($303 million) selling a majority of its stake in China International Capital Corp., once dubbed the “Goldman Sachs of China,” after making the investment almost a decade ago, a person with knowledge of the matter said.

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