KKR, BlackRock, Funds in Talks to Buy Stake in China Huarong

Paul Dykewicz

[interlocking Chinese and American flag puzzle pieces]

KKR, BlackRock, Funds in Talks to Buy Stake in China Huarong (Reuters)

KKR & Co (KKR) and BlackRock Inc (BLK) are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd. as the bad debt manager seeks to raise more than $2 billion, sources familiar with the matter told Reuters. Other possible investors include rival private equity firms Blackstone Group (BX) and Bain Capital, the sources said. Sovereign wealth funds from Asia and the Middle East are also in a group of 20 or so investors considering first-round offers by mid-February, those familiar with the situation said. Reuters previously reported that Huarong was planning to sell a stake of between 15-20 percent to strategic investors ahead of an eventual initial public offering. Huarong, overseeing total assets of 400.9 billion yuan ($66 billion), is the biggest of China’s four bad loan managers. Huarong’s planned stock offering will let the company raise money to expand its business — acquiring bad loans and forfeited assets from companies unable to repay their lenders. Huarong turns a profit by repackaging the loans and assets and selling them to others.

Exclusive  Four Best Ways to Invest in China Include a Mutual Fund and Several Growth Stocks

Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The worst sell-off in emerging-market currencies in five years is starting to show ill effects from the Federal Reserve’s tapering of monetary stimulus, amid political and financial instability.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE