Carlyle exits CPIC through $796 million block trade

The sale comes after sharp gains in the Chinese insurance company’s share price and pushes the total proceeds from Carlyle’s CPIC sell-downs above $5 billion.
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CPIC celebrating its Hong Kong IPO in 2009
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<div style="text-align: left;"> CPIC celebrating its Hong Kong IPO in 2009 </div>

On the back of sharp gains in Chinese insurance stocks during the past week, Carlyle Group last night sold its remaining shares in China Pacific Insurance (Group) Co, raising HK$6.17 billion ($796 million).

¬ Haymarket Media Limited. All rights reserved.

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