By Karlee Weinmann ( January 24, 2014, 2:41 PM EST) -- New York private equity giants KKR & Co. LP and Blackstone Group LP are vying for an interest in China Huarong Asset Management Co. Ltd., a bad debt manager shooting to raise more than $2 billion, sources told Reuters on Friday. Huarong is planning to sell a stake between 15 percent and 20 percent to strategic investors in the leadup to its planned initial public offering. The field of other bidders hoping for a holding includes BlackRock Inc. and Bain Capital LLC....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.