Market Chatter: Private Equity Firms Show Interest in Alibaba Stake in Chinese Hypermarket Firm, Sources Say

MT Newswires Live

Sep 30, 2024

Private equity firms are showing interest in acquiring Alibaba's (HKG:9988) majority stake in Chinese hypermarket chain Sun Art Retail (HKG:6808), Bloomberg News reported Friday, citing people familiar with the matter.

Among those that have expressed interest in purchasing part or all of Alibaba's 79% stake are DCP Capital and Hillhouse Investment, the report said.

Trading in Sun Art's shares has been suspended since Friday pending an announcement, according to Bloomberg.

Alibaba's stake in Sun Art could also attract other buyout funds, the report said, citing the sources.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $1.79, Change: $-0.050, Percent Change: -2.72%

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (HKD): $1.79, Change: $-0.050, Percent Change: -2.72%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ08YT58.USD","symbol_name":"GUINNESS BEST OF CHINA \"C\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2471980344","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2471980344","pubTimestamp":1727694641,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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