Beijing Bear retreat

17 March 2008 By Rob Cox

Citic Securities almost got suckered into a $1bn crossshare swap with Bear. Thankfully, CIC s Blackstone adventure hangs over the Chinese capital like its smog as a warning for firms expanding beyond their core competence. Citic should consider a JV with a firm like Lehman.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)