Blackstone pulled out of its investment in a Chinese agricultural company earlier this year after the group warned the buy-out firm that its involvement would complicate moves to raise prices, according to three people familiar with the matter.
The case offers a stark illustration of the sensitivity surrounding rising prices as China seeks to combat inflation running at a three-year high.
The US private equity firm sold its stake in Dili Group, the parent company of a Shandong province vegetable trader, weeks before Unilever was fined in China for announcing planned price rises.
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