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Sunday, January 26, 2014

Asia Private Equity Weekly News, January 27, 2014, (NYSE: BLK)

News and developments in Asia private equity from Reuters News for the week ending January 24. JANUARY 24KKR & Co and BlackRock Inc are among leading global investors in talks to purchase a stake in China Huarong Asset Management Co Ltd as the bad debt manager seeks to raise more than $2 billion, people familiar with the matter told Reuters.GLOBAL PRIVATE equity firm Lone Star has asked banks to submit proposals for a financing to back its planned takeover of billing service provider Invoice Co Ltd, owned by MBK Partners, Basis Point reported citing banking sources.

BlackRock, Inc. (BlackRock) is an investment management firm. Shares of BLK fell by 3.95% or $-12.46/share to $303.11. In the past year, the shares have traded as low as $231.66 and as high as $326.00. On average, 593906 shares of BLK exchange hands on a given day and today's volume is recorded at 1049069.