HONG KONG: Hong Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridge Investments, according to three people with knowledge of the matter and a deal document seen by Reuters.
PCG has hired JPMorgan to run the sales process and has held preliminary discussions with a number of financial institutions, said two of the sources. All of the sources declined to be named because the information is confidential.
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