58.com eyes $3bn loan from Chinese banks to go private

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By Pan Yue
10 Jun 2020

58.com, a Chinese company that focuses on online classified advertisements, is in talks with banks in the country for a financing package of $3bn to support its take private.

The Nasdaq-listed company has been in discussions with Chinese banks over the past few weeks for a loan to support its privatisation, according to bankers. One of the bankers close to the discussions added that the talks are still ongoing and no mandate has been announced.

Banks ...

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