Guangzhou, Guangdong -- (SBWIRE) -- 07/19/2011 -- Blackstone pulled out of its investment in a Chinese agricultural company earlier this year after the mainland group warned the buy-out firm that its involvement would complicate moves to raise prices.

The US private equity firm sold its stake in Dili Group, the parent company of a Shandong province vegetable trader, just weeks before Unilever was fined in China for announcing planned price rises.

In March 2010, Blackstone paid $194m for about 10 per cent of Dili as part of a five-member consortium – which included Warburg Pincus and Capital International, a US-based investment firm – that took an overall 30 per cent share. In the first quarter of 2011, Blackstone sold the holding back to Dili, reaping a 16.5 per cent return, according to its quarterly investor letter.

The Blackstone move to sell its stake in Dili reflected mutual agreement that the Chinese company would have more flexibility to raise prices without the presence of the US firm.

The Blackstone move to sell its stake in Dili reflected mutual agreement that the Chinese company would have more flexibility to raise prices without the presence of the US firm.

For any further data or information please go to CCM’s website.

About CCM
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

Please visit http://www.cnchemicals.com for more information or contact emarket25@cnchemicals.com

CCM International, Ltd.
Guangzhou CCM Information Science & Technology Co, Ltd.
17th Floor, Huihua Commercial & Trade Mansion
No, 80 Xianlie Zhong Road, Guangzhou
510070, China