Blackstone eyes stake in China's BlueStar
(Reuters)Updated: 2007-07-03 15:08
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Blackstone, in which a Chinese State investment agency owns a $3 billion stake, aims to buy between 20 and 40 percent of BlueStar, the Journal reported, citing unnamed private equity fund managers.
Market watchers believe Blackstone, which raised $4.1 billion in a New York listing late last month, will have an easier path to making acquisitions in China since the government agency invested in the firm.
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