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New Deal


Announced

JP Morgan to acquire CIFM from Shanghai International Trust for c. $1bn.

Synopsis

JP Morgan agreed to acquire the remaining 49% stake in China International Fund Management, its joint venture company with Shanghai International Trust, an investment company, for c. $1bn. "As we advance our onshore business in this critically important market, we look forward to continuing to meet the evolving needs of Chinese and international investors," Paul Bateman, JP Morgan Asset Management Chairman.

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