58.com receives $3.5bn loan to back privatisation

By Pan Yue
16 Jun 2020

Chinese online marketplace 58.com has received a $3.5bn loan from Shanghai Pudong Development Bank to support its take-private.

The company was previously inviting banks to bid for both bridge and term loan facilities to support the take-private by a consortium of Warburg Pincus, General Atlantic Ocean Link Partners and Jinbo Yao, the chairman of 58.com, GlobalCapital Asiareported last week.

The company said in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial