China's CDH to raise up to $743 million from WH Group stake sale: IFR

 

Reuters

May 19, 2017 | 8:12am EDT

 

Chinese private equity investor CDH Investments is selling a 6 percent stake in WH Group Ltd (0288.HK), the world's largest pork supplier, in a deal that will raise up to $743 million, according to a term sheet seen by IFR.

 

CDH is selling 884 million shares at an indicative price range of HK$6.51 to HK$6.58 per share, a discount of as much as 6.5 percent of WH Group's closing price on Friday, IFR, a Thomson Reuters publication, reported.

 

CDH and WH Group declined to comment.

 

(Reporting by Fiona Lau of IFR; writing by Julie Zhu; editing by Jason Neely and David Evans)

 

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