Bear, CITIC to buy $1bn stake in each other

Bear Stearns and Chinese investment firm CITIC will each acquire a 6 percent stake in one another, as well as pool resources and jointly develop private equity and venture capital products for the Asian market.

ByJennifer Harris

4 January 2013•2 mins read

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Asia-Pacific East Asia North America

Bear, CITIC to buy $1bn stake in each other

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