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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Morgan Stanley to sell CIC stake to Singapore wealth fund

Posted on 02 December 2010

From Bloomberg: Morgan Stanley is selling its 34.3 percent stake in China International Capital Corp. to Kohlberg Kravis Roberts & Co., TPG Capital, Singapore’s Great Eastern Holdings Ltd. and the island nation’s sovereign-wealth fund, four people with direct knowledge of the deal said.
Morgan Stanley plans to sell stakes of about 10 percent each to TPG and KKR, and about a 5 percent stake to Great Eastern, the insurer controlled by Oversea-Chinese Banking Corp., said the people, who declined to be identified because the matter isn’t public……………………………………….Full Article: Source


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