CORRECTED - UPDATE 2-M Stanley looks to sell China investment bank stake
(Corrects third paragraph, She not He)
* Wants to end "passive investor" role
* No word on whether in talks to offload stake
* Bain, General Atlantic seen to be interested (Adds quotes)
BEIJING, Nov 9 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.
"We are a passive investor in CICC, so getting out (of it) is the general direction," Wei Sun Christianson told Reuters on the sidelines of a conference.
She did not say whether Morgan Stanley was in talks to sell its stake or name potential investors.
Private equity firms Bain Capital and General Atlantic are among those eyeing the stake in CICC, China's largest investment bank, in a deal that could fetch more than $1.2 billion, Reuters reported last week.
People with direct knowledge of the matter said first-round bids for Morgan Stanley's stake are due on Tuesday. [ID:nL3663115] Continued...
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