CPIC block trade

Carlyle sells half its stake in CPIC, raising $723 million

The sale is done at a 5.2% discount and reduces Carlyle's stake in the Chinese insurer to 2.4%.
<div style="text-align: left;"> Carlyle initially invested in CPIC’s life insurance unit almost six years ago (ImagineChina) </div>
<div style="text-align: left;"> Carlyle initially invested in CPIC’s life insurance unit almost six years ago (ImagineChina) </div>
July 23, 2012

Carlyle Group has sold just over half of its remaining stake in China Pacific Insurance (Group) Co (CPIC) through a block trade, raising HK$5.61 billion ($723 million).

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