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.

A consortium comprising Citic Capital, Boyu Capital, Canada Pension Plan, TPG and KKR have bid for a 30% stake in Sinopec’s retail unit, according to a source familiar with the matter.

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