It is in talks with “multiple” financial-services companies.
The EPF is constantly on the lookout for property assets in the U.K. as other investors seek to exit after the country voted to withdraw from the European Union. The fund, which has a U.K. property portfolio of over $2.6 billion, is keen to acquire real estate assets in the logistics and health-care sectors.
The fund allows people on the mainland to tap assets overseas, with investments starting from $150,000. KKR & Co. and Blackstone Group LP are among the partners for the product.
Billionaire Paul Singer’s Elliott Management escalated its battle against Bank of East Asia Ltd., asking a Hong Kong court to declare that the bank acted improperly when issuing shares that diluted minority shareholders and allegedly entrenched management control. The petition alleges “unfairly prejudicial conduct” by directors and “serious corporate governance… Read more »
JPMorgan Chase & Co. is opening three branches in India, expanding in the world’s second-most populous nation even as global competitors pull back.