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Announced

Warburg Pincus to acquire a 23% stake in Zhong Ou Asset Management.

Synopsis

Warburg Pincus, a private equity firm, agreed to acquire a 23% stake in Zhong Ou Asset Management, a financial services company. Financial terms were not disclosed. “Zhong Ou AMC has built up a strong business over the years through its outstanding investment and research capabilities, market-based operation, and strong distribution channels,” Ben Zhou, Warburg Pincus Managing Director.

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