Carlyle Takes Chinese Bank Stake

The Carlyle Group and Dah Sing Banking (< ?xml:namespace prefix = st1 />Hong Kong) have agreed to acquire a 24.99% stake in mid-sized Chinese lender Chongqing Commercial Bank. No financial terms were disclosed, although Reuters valued the deal at around $100 million, with Dah Sing taking a 17% stake and Carlyle taking a 7.99% stake.