By Juliet Shwe Gaung
NOME’s Series A round was joined by China-focused private equity firm Capital Today.
JPMorgan also said it had appointed Mark Leung as the chief executive of its China business.
The unit, which makes industrial robots, plans to issue up to 10 per cent of its enlarged share capital.
The first close of the fund came late last year at $484 million, with backers including insurance companies, banks, trust companies and other institutional investors.
China Three Gorges had bought a 21% stake in EDP more than five years ago as part of a Portuguese government bailout involving the International Monetary Fund.
The metals business is one of the largest copper, zinc and lead concentrates merchants worldwide, according to Louis Dreyfus, and has been one of the group’s most profitable activities in recent years.
Warburg Pincus and Temasek are also joining the round, which would make Ant the world’s largest fintech firm.
Apollo Global Management LLC, CVC Capital Partners and Indian drugmaker Aurobindo Pharma Ltd. have also been picked to make final offers.
Hidden Hill Modern Logistics Private Equity Fund will invest in companies focusing on developing logistics technologies.
The fund will mostly target consumer technology startups with an expected close over the coming months.