Tuesday, July 3, 2007

UPDATE 1-Chinese Estates says in buyout talks

(Reuters) - "The board confirms that it has received expressions of
interest in relation to the company from a number of third
parties. The board is in talks with some of these parties," it
said in a statement.




The South China Morning post reported on Tuesday that The
Children's Investment Fund Management , the company's second
largest shareholder, as well as Och-Ziff Capital Management
Group, and Marathon and Fortress Investment Group have looked at
ways to buy Chinese Estates through a joint bid.


Read more at Reuters.com Mergers News

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