HONG KONG, May 31 /CNW/ -- Pacific Century Group ("PCG"), a private investment group controlled by Richard Li, refers to the news that it is part of the consortium led by Cerberus Capital Management, which has expressed an interest in exploring the possibility of acquiring BCE Inc of Canada. PCG confirms that discussion with the consortium is still at an early stage with the level of participation by PCG still undecided, but it is likely to be a minority stake. Richard Li, who is Canadian, is the Chairman of both PCG and PCCW Limited (PCCW). PCG has offered this opportunity to PCCW and PCCW has confirmed they are not interested in participating in this investment. << About Pacific Century Group >> Pacific Century Group is a private investment group controlled by Richard Li. PCG's listed investments in the region include Pacific Century Regional Developments Limited in Singapore and PCCW Limited in Hong Kong. PCG also has property interests in India, Singapore, Hong Kong and China, and Japan. For media inquiries: Brunswick Group << Tim Payne Tel: +852-6104-6266 Joseph Lo Tel: +852-9850-5033 >> For further information: Tim Payne, +852-6104-6266; Joseph Lo, +852-9850-5033, both of Brunswick for PCG CO: PCCW Limited NI: FIN MNA LOAN MNA -0- May/31/2007 12:48 GMT
Pacific Century Group Joins Cerberus Consortium
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