Deals
CDH Investments Offloads $1.2 Billion Stake in Pork Producer WH
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Chinese private equity firm CDH Investments Fund Management Co. raised $1.2 billion from paring its stake in WH Group Ltd., the world’s biggest pork producer.
CDH sold 1.55 billion shares at HK$5.95 apiece, below the midpoint of a marketed range, WH Group said in a Hong Kong stock exchange filing Thursday. The price represents a 5 percent discount to the stock’s last close. The shares were earlier offered at HK$5.90 to HK$6.05 each, according to terms for the deal obtained by Bloomberg on Wednesday.