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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Greentown ‘in talks with CIC unit, Blackstone’ on JV

Posted on 29 November 2011

Greentown China Holdings Ltd, a Hangzhou-based property developer, is talking with a subsidiary of China Investment Corp (CIC), Blackstone Group and Beijing Greentown Sunshine Investment Co to set up a joint venture (JV) for domestic property development.
“With a 60 percent stake, China Jianyin Investment Securities Co is to launch the JV, and the Blackstone Group will take a 10 percent stake in the JV via its private-equity team,” said a source with knowledge of the deal on Monday………………………………………..Full Article: Source


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