Morgan Stanley nears selling $1 bln stake in Chinese bank

10:28, February 23, 2010      

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US bank Morgan Stanley is close to selling its 34 percent stake in China International Capital Corporation to US private equity firms Kohlberg Kravis Roberts and TPG Capital.

If viable, the deal will be worth one billion dollars.

China International Capital Corporation is a sovereign wealth fund.

Source: english.cri.cn

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