AAG Energy: How private equity duo missed sale window

Warburg Pincus and Baring, are exiting the Chinese natural gas producer at just HK$1.75 per share, way down on the HK$3 IPO price just three years ago.

AAG Energy: How private equity duo missed sale window

Private equity giants Warburg Pincus and Baring Private Equity are to sell their combined 46% stake in AAG Energy for HK$2.9 billion $366 million, putting an end to their lengthy investment in the Chinese natural gas exploration company.

The pair will sell their stakes to Xinjiang Xintai Natural Gas as part of its voluntary offer for a 50.5% stake in the Hong Kong-listed natural gas producer, according to an announcement from the target...

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