Blackstone and Carlyle Seeking Minority Stake In Huiyuan

(Reuters) – Private equity firms, including Blackstone Group (BX.N), Carlye Group [CYL.UL] and TPG [TPG.UL], are looking to buy a minority stake in China Huiyuan Juice Group (1886.HK), the South China Morning Post reported on Monday, citing sources.

However, a high asking price and a lack of juice market operating experience would make it difficult for a deal to be reached, the newspaper cited sources as saying.

In April, sources said Coca-Cola Co (KO.N), whose planned $2.4 billion purchase of China Huiyuan Juice was blocked by the Chinese government in March, was in talks to explore other partnership options with Huiyuan. (US$1=HK$7.8) (Reporting by Donny Kwok; editing by Chris Lewis)