Financial Times FT.com

US private equity groups in China talks

By Henny Sender in New York and Richard McGregor and Jamil Anderlini in Beijing

Published: October 29 2007 22:01 | Last updated: October 30 2007 01:09

Three of the biggest US private equity firms have each held preliminary talks about selling a minority stake to China’s giant Social Security Fund, people familiar with the negotiations say.

The talks suggest that the number of official Chinese entities looking to make investments in foreign financial firms is poised to grow. Bear Stearns of the US and China’s Citic Securities last week revealed plans to invest $1bn in each other.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this