- china fund, China joint venture, Fund Management, majority-control
The price for (2%) control requires a 33% premium
- Details of the closely followed equity auction of China International are now public, valuing the company at USD1.8bn.
- On a relative valuation basis, the deal looks rather rich, whether including or excluding the premium for control.
- Although it is just a single reference point, global managers should expect the deal’s metrics will be applied to all that follow.
Please note that full versions of our China Alerts are for clients only, if you would like more information about a subscription please contact us:
Tel: (+86 21) 6075 – 8163 Email: email@example.com
For a full sample of a past China Alert please login to access the download: