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CITIC Limited (CPF.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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0.9190-0.0100 (-1.08%)
As of 08:01AM CET. Market open.
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  • Reuters SG

    UPDATE 1-Trustar plans to raise fund to manage McDonald’s China stake -sources

    Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald's China, two sources with knowledge of the matter said. The new fund would also allow investors in Trustar's existing fund tied to McDonald's China unit cash in on their investments, said the people, who declined to be named as the information was confidential. That plan would be achieved by Trustar, formerly known as CITIC Capital, transferring some equity interest in McDonald's China from its private equity (PE) fund into the continuation fund, a new investment vehicle that would manage the asset.

  • Reuters SG

    Trustar plans to raise fund to manage McDonald’s China stake -sources

    Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald's China, two sources with knowledge of the matter said. The new fund would also allow investors in Trustar's existing fund tied to McDonald's China unit cash in on their investments, said the people, who declined to be named as the information was confidential. That plan would be achieved by Trustar, formerly known as CITIC Capital, transferring some equity interest in McDonald's China from its private equity (PE) fund into the continuation fund, a new investment vehicle that would manage the asset.