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Rohatyn Group exits Sharekhan

BNP Paribas is acquiring the stake held by the Rohatyn Group in Indian share trading firm Sharekhan. No details of the deal are available. Rohatyn, which invests about $5 billion exclusively in emerging market assets, has realized roughly $2 billion on sales of investments from its portfolio over the last 12 months. The group, run by Nick Rohatyn, son of legendary financier Felix Rohatyn, bought Citigroup’s emerging markets fund in December 2013 when the bank was forced to shed assets to comply with new financial rules. Most recently, the firm sold Egypt’s Amoun Pharmaceutical Co to dealmaking powerhouse Valeant Pharmaceuticals and before that it sold a stake in Bulgarian drug company Huvepharma to Advance Properties.

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