Carlyle Fund to Buy GE’s Stake in AsiaSat, Make Buyout Offer
Wednesday, December 24, 2014
(Bloomberg by Joshua Fellman) – A Carlyle Group fund agreed to buy General Electric Co. (GE)’s stake in Asia Satellite Telecommunications Holdings Ltd. (1135) for as much as HK$3.75 billion ($483 million) and then make a buyout offer.
Carlyle Asia Partners IV will seek to take AsiaSat private if enough holders of the Chinese government-backed owner of communications satellites accept the bid, according to a Hong Kong stock exchange filing yesterday. AsiaSat said it plans to pay a special interim dividend of HK$11.89 a share.
