HONG KONG, July 19 Blackstone Group and MBK
Partners plan Singapore initial public offerings for assets the
private equity companies separately own in Taiwan and India,
MBK Partners hired Goldman Sachs and Morgan Stanley
for a business trust IPO worth about $1 billion for China
Network Systems Co. (CNS), the largest cable television operator
in Taiwan, the sources said. The deal was expected for the
second half of the year.
The sources declined to be named because details of the IPO
are not yet public.
Blackstone is mulling the IPO for Indian energy
company Moser Baer Projects Pvt Ltd, separate sources added.
Listing the company as a business trust is one of the options
under consideration, said the sources, who could not be named as
the discussions are private.
Blackstone, Goldman and Morgan Stanley declined to comment.
MBK could not be reached for immediate comment.