Carlyle raises $1.8bn from jumbo China Pac sell down

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Carlyle raises $1.8bn from jumbo China Pac sell down

Carlyle Group raised HK$13.8bn ($1.8bn) on Friday after selling down part of its stake in China Pacific Insurance. It was the second time in as many weeks that Carlyle has sold a big chunk of China Pacific shares, but the company has agreed not to sell any more shares for six months.

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