Carlyle sells another $989 million of CPIC stock

The widely expected deal comes a couple of weeks after Carlyle's latest lockup expires and marks its third sell-down in China Pacific Insurance in seven months.

<div style="text-align: left;"> Carlyle started selling down its stake in CPIC in December last year (ImagineChina) </div>

Anette Jönsson

July 28, 2011

Carlyle Group has raised a further HK$7.7 billion ($989 million) from the sale of shares in China Pacific Insurance (Group) Co (CPIC) — its third sell-down in just seven months.

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