CCMP eyes stake in Chinese machine company – Geoff Dyer

From The Financial Times:

The former private equity unit of JPMorgan Chase , the US investment bank, is in talks to buy a minority stake in DHI-DCW , one of the largest heavy machinery makers in China.

The Chinese company, which is based in the north-eastern city of Dalian and controlled by the local government, said it was negotiating with several potential strategic partners, including CCMP Capital , which used to be called JPMorgan Partners.

[Full Text]