Blackstone Gets OK to Buy Stake in China National Bluestar

Private equity fund Blackstone Group (New York) has received approval from China's economic planning agency to buy a 20% stake in ChemChina’s (Beijing) China National Bluestar. Blackstone announced in September 2007 that it will invest up to $600 million for a 20% stake in Bluestar, which has leading Chinese positions in silicones, engineering plastics, petrochemical intermediates, water treatment, and specialty...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers