Citic, KKR, TPG consortium bids for Sinopec retail stake

Citic, KKR, TPG consortium bids for Sinopec retail stake

A consortium of Citic Capital, Boyu Capital, Canada Pension Plan, KKR and TPG has bid for a 30% stake in Sinopec's retail unit, worth potentially more than $20 billion.
Costs are increasingly unsustainable, given the vast scale of projects and local governments' debt, writes Gloria Lu at Standard & Poor’s.
Shanghai-based HCP has launched syndication for its $380 million loan package, targeting US institutional investors.
John Wade has been appointed as Natixis’ head of syndicate and medium-term notes for Asia-Pacific as the bank looks to boost market share in the region’s debt space.
The Chinese pork producer has raised $2.05 billion, with the issuer experiencing strong retail uptake and anchor support in the restructured deal.
Bain is selling 49.9% of Bellsystem24 to Japan's Itochu. David Gross-Loh talks to FinanceAsia about how the private equity firm has helped the call centre to grow.

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