Warburg Pincus Looks To Trim Intime Stake

Warburg Pincus is planning to raise up to $113 million via a sale of shares in Chinese department store operator Intime Department Store Group (HK: 1833), according to Dow Jones. The deal would reduce Warburg Pincus’ stake from 15.8% to 10.1 percent. www.warburgpincus.com