CHPXY China Pacific Insurance Group Company Ltd (PK)

   By Fiona Law 
 

HONG KONG--Private equity firm Carlyle Group LP is raising around US$792 million by selling shares in China Pacific Insurance (Group) Co. (2601.HK), according to a term sheet seen by Dow Jones Newswires on Monday.

The Carlyle Group is selling around 203 million China Pacific shares in a HK$30.0-HK$30.3 range, the term sheet said.

The offer price represents 2.3%-3.2% discount to China Pacific's last closing price of HK$31.0 Monday, it said.

Goldman Sachs and UBS are handling the placement, the term sheet said.

Write to Fiona Law at fiona.law@wsj.com

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