zofund: Warburg Pincus set to buy minority stake in Chinese fund house
Warburg Pincus has received regulatory approval to acquire a 23.3% stake in Zhong Ou Asset Management (Zhong Ou AMC), a Chinese mutual fund manager, from Italy's Intesa Sanpaolo Bank.
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Zofund is a China-based financial institution that provides services such as investment planning and asset management for individuals and businesses.
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