Carlyle Sells $860M Stake in China Pacific

The Carlyle Group has partially exited its investment in China Pacific Insurance, selling an $860 million stake in the company, Reuters reported. The Washington, D.C.-based buyout shop paid roughly $800 million between 2005 and 2007 for its stakes in China Pacific. Before the sell-down, Carlyle held a 15.4 percent stake in China Pacific's overall outstanding shares, Reuters said.

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