Warburg Pincus trims Intime stake as stock hits record high

The private equity firm raises $133 million from its second sell-down in the Chinese department store operator in five months.

Warburg Pincus has joined the list of investors monetising their investments in Asia, selling just over one-third of its remaining stake in Hong Kong-listed Intime Department Store Group. The sale, which came as the Chinese department store operator closed at a record high, was the second by Warburg Pincus in this stock in just five months and saw the private equity firm raise HK$1.03 billion $133 million.

An investor in Intime before its initial public offering in 2007,...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS