Qatar-backed investment firm in advanced talks to acquire AsiaInfo
- Qatar: Thursday, November 29 - 2012 at 01:11
Citic Capital Holdings, controlled by the sovereign wealth funds of Qatar and China, is close to acquiring the Chinese software services provider AsiaInfo-Linkage Inc. (ASIA), Bloomberg has reported, citing two sources. Citic Capital is in advanced talks to buy Beijing-based AsiaInfo for about $900m, said the sources. AsiaInfo sells telecoms software to China's biggest wireless carriers. Citic Capital sold a 22% stake in itself to Qatar Holding in August, giving the fund additional capital for making overseas acquisitions.
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