Deals
CDH Investments Selling $916 Million Stake in Pork Producer WH
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Chinese private equity firm CDH Investments Fund Management Co. is seeking as much as $916 million from paring its stake in WH Group Ltd., the world’s biggest pork producer.
CDH is selling 1.17 billion WH Group shares at HK$5.90 to HK$6.05 apiece, representing a 3.4 percent to 5.8 percent discount to the stock’s last close, according to terms for the deal obtained by Bloomberg. The investment firm is offering 880 million shares to institutional investors, while WH Group Chairman Wan Long and other management will buy the remainder, the terms show.