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Ping An Bank/ Other CN Banks to Arrange US$1.4B Loan to Assist Boyu Capital in Acquiring Starbucks' CN Biz: Wire
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Ping An Bank, Industrial Bank and China Minsheng Banking will jointly arrange a 7-year syndicated loan of approx. US$1.4 billion for Boyu Capital's acquisition of a 60% stake in Starbucks' China business, according to Bloomberg. Terms are currently under negotiation, and the list of participating banks remains undetermined. The funds will be utilized to assist Boyu Capital in paying for the acquisition, as well as the operational capital and expansion requirements of the newly formed joint venture. AAStocks Financial News Website: www.aastocks.com |
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