Tag: Citic Group

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China’s CITIC Antes Up $113 Billion for Silk Road Initiative

By Lauren Dodillet Chinese state-owned conglomerate CITIC Ltd. announced last week that it will invest upwards of $113 billion dollars into China’s “One Belt, One Road” (aka the New Silk Road) initiative. The money will come from its banking, securities,...

/ June 30, 2015

China’s Hony Capital Acquires PizzaExpress for $1.54 Billion

Chinese private equity group Hony Capital Ltd agreed to buy UK restaurant group PizzaExpress for $1.54 billion late last week, fending off rival Chinese bidder Citic Group. The British restaurant chain has more than 500 stores, most of which are...

/ July 15, 2014