Chinese investors of CEFC acquired 19.9% of US investment bank Cowen
CEFC China Energy, China's sixth largest private company, has acquired 19.9 percent stake in US financial services firm Cowen Group.
Founded in 1918, Cowen Group is headquartered in New York. CEFC will pay $18 for each Cowen Class A share, representing a 29.5 percent premium to the stock's previous close. (CEFC with Ye Jianming as chairman has different investments around the world, like acquisition of 10 percent stake in the largest Czech Republic airline, as SinaBeat reported back in 2015).
CEFC China Energy is listed in the Chinese Private Equity and Venture Capital Directory with the code NO313
More details follows:
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