WSJ: Morgan Stanley Short-Lists CICC Bidders
NEW YORK (Reuters) - Morgan Stanley (MS.N) has shortlisted bidders including five U.S. private-equity firms and Taiwan's Fubon Financial Holding Co Ltd (2881.TW) in the sale of its stake in China International Capital Corp, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Bain Capital LLC, Carlyle Group, General Atlantic LLC, Kohlberg Kravis Roberts & Co (KKR.AS) and TPG Capital made the list of bidders whose first-round indicative offers for Morgan Stanley's 34.3 percent stake were considered attractive enough to be allowed to conduct due diligence on the Chinese investment bank, the paper said. One strategic buyer -- Taiwan's Fubon Financial -- was also selected to conduct due diligence, the paper said.
