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Asia Sentinel

The Blackstone Rangers Ride High in China

Philip Bowring's avatar
Philip Bowring
Jun 06, 2007
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Now that the dust has settled a bit, it is worth taking a longer look at the Blackstone-China deal, in which a Chinese state entity announced in late May would pay $3.3 billion for 10 percent of the high-flying American private equity group before the latter’s public offering.

In the very short run it is excellent news although in the slightly longer ter…

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