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.

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.

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