private equity firm Blackstone Group is in talks to buy a $400
million stake in China National BlueStar Group, a State-owned chemical company, the Asia Wall
Street Journal reported on Tuesday.
Blackstone, in which a Chinese State investment agency owns a $3 billion
stake, aims to buy between 20 and 40 percent of BlueStar, the Journal reported,
citing unnamed private equity fund managers.
Market watchers believe Blackstone, which raised $4.1 billion in a New York
listing late last month, will have an easier path to making acquisitions in China since the government agency invested in
(For more biz stories, please visit Industry Updates)