CHINA Blackstone buys China-based packager ShyaHsin in $800-900 million deal

CHINA

Blackstone buys China-based packager ShyaHsin in $800-900 million deal

Reuters Staff | Reuters

02:35, November 12, 2017

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The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo


Global asset manager Blackstone Group LP (BX.N) has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.

The deal will be Blackstone’s first private equity investment in China since 2014, Thomson Reuters data showed.


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