Friday, March 30, 2007

UPDATE 2-Carlyle buys $80 mln stake in China steel tube firm

(Reuters) - TOKYO, March 30 - Global private equity firm Carlyle said on Friday it bought 49 percent of China's Yangzhou Chengde Steel Tube Co. Ltd. for $80 million.

Carlyle received all the regulatory approvals necessary for acquiring the minority stake and the deal was completed on Thursday.


Read more at Reuters.com Mergers News

No comments: