Warburg Pincus sells stake in Australia's Transpacific - Reuters

Private equity firm Warburg Pincus sold its entire 33.9 percent stake in Australian waste management firm Transpacific Industries Group through UBS, writes Reuters. Demand from investors saw an initial offering of A$400 million ($377 million) of Transpacific stock at A$1.05 per share increased to A$570 million worth, writes Reuters.

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