黑石收购蓝星

firesnake

看到这样的新闻，只会让人觉得后怕！！这个国家究竟是怎么了？？
难道这就是成立汇投公司、入股黑石的本意？？

henry

汇投公司的明星队伍，凶多吉少。历史告诫我们，少跟明星打交道。

henry

Blackstone Buys 20% Stake
In Chinese Chemical Company
By RICK CAREW and DENIS MCMAHON
September 10, 2007 7:37 a.m.

BEIJING -- Blackstone Group LP bought into a state-backed Chinese chemical producer Monday, underscoring the benefits of its government ties by sealing its first deal in China since Beijing took a $3 billion stake in the U.S. private-equity firm.

At $600 million, Blackstone's purchase of a 20% stake in China National BlueStar (Group) Corp. is a relatively large deal in a country where regulators have been wary of selling big stakes in state firms to foreign private-equity investors. The deal further cements Blackstone's status as a key player on the mainland.

The investment is subject to regulatory approval, the two firms said in a joint statement.

In recent months, efforts by rivals Carlyle Group LP and Goldman Sachs Group Inc.'s private-equity division to invest in large Chinese firms have been hindered by barriers thrown up by China's bureaucratic approval process and rising valuations resulting from China's booming equity markets.

In May, a Chinese government investment vehicle bought a $3 billion stake in Blackstone ahead of the private-equity firm's initial public offering, the first major investment by Beijing under plans to diversify its foreign-exchange holdings in search of higher yields. Deal makers are watching to see how much advantage the link between Blackstone's success and Beijing's profits benefits the U.S. firm in deals on the mainland.

China National BlueStar is a wholly owned unit of China National Chemical Corporation, a state-owned enterprise better known as ChemChina. According to the company's Web site, BlueStar is a major producer of industrial silicon, titanium dioxide powder, chromate anhydride, epoxy resins, and silicane cable materials.

Blackstone will have two seats on BlueStar's board of directors, BlueStar said. Antony Leung, former Hong Kong financial secretary and currently Blackstone's chairman for Greater China, and Ben Jenkins, Blackstone's head of private equity for Asia Pacific, will each hold a seat. "We hope to use our global network to accelerate and expand BlueStar Group's international and domestic growth," Mr. Jenkins said.

Merrill Lynch & Co. advised Blackstone and UBS AG advised the Chinese side on the deal.