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Equities
Newbridge exits Ping An as stock emerges from two-month suspension
The private equity firm raises $1.2 billion at a tight 1.2% discount after Ping An strikes a deal to increase its stake in Shenzhen Development Bank to above 50%.
By
Anette Jönsson
| 3 September 2010
M&A
Ping An to invest in Shenzhen Development Bank
The Chinese insurance giant moves nearer to its goal of becoming an integrated financial services company, and gives private equity investor Newbridge Capital an exit route.
By
Daniel Inman
| 15 June 2009
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