(Reuters) - NEW YORK, May 20 - China's new state investment
agency is taking a $3 billion stake in U.S. private equity firm
The Blackstone Group, in a sign China plans to use its
financial reserves to become a global investor.
The agreement gives China's government a stake in the
private equity boom sweeping the globe and hands a key alliance
to Blackstone at a time foreign investors struggle to gain
support from the Chinese government for takeovers of domestic
assets.
Read more at Reuters.com Mergers News
agency is taking a $3 billion stake in U.S. private equity firm
The Blackstone Group, in a sign China plans to use its
financial reserves to become a global investor.
The agreement gives China's government a stake in the
private equity boom sweeping the globe and hands a key alliance
to Blackstone at a time foreign investors struggle to gain
support from the Chinese government for takeovers of domestic
assets.
Read more at Reuters.com Mergers News
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