Hong Kong, May 25 - 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, 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)