By Makiko Yamazaki
Foxconn, Apple & Qualcomm to also invest in tech fund.
Private equity firm Prostar Capital together with BlackRock Infrastructure Solutions Group on Thursday announced the acquisition of Seoul-based Kyungnam Energy Co. Ltd. Prostar, that invests in midstream energy infrastructure, acquired 95 per cent shares in Kyungnam Energy from the existing controlling stakeholders, said a press statement. The investment was made via a consortium comprising… Read more »
Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion-a-year sector that has long relied on pencil and paper. San Francisco-based startup KeepTruckin said on Thursday… Read more »
A Japanese state-backed fund plans to sell nearly a fifth of shares in chip maker Renesas Electronics Corp – worth $2.7 billion at current prices – bolstering its coffers amid expectations it is planning to invest in Toshiba’s chip unit. Although the fund, the Innovation Network Corp of Japan (INCJ), has… Read more »
J P Morgan’s Australia CEO Rob Priestly is leaving the bank after a 15-year stint while Falcon Private Bank has replaced two of its Abu Dhabi representatives. JP Morgan gets new Australia CEO J P Morgan’s Australia CEO Rob Priestly is leaving the bank after a long innings of 15 years… Read more »
SoftBank Group Corp. says it is unwilling to pay more for Intelsat SA
Australian newspaper publisher Fairfax Media Ltd on Thursday said it would grant due diligence access to two rival private equity bidders after U.S. buyout firm Hellman & Friedman made a surprise takeover proposal of as much as A$2.87 billion ($2.13 billion). The non-binding cash offer from Hellman & Friedman values… Read more »
The aerospace business is Honeywell’s biggest by revenue.
The firm had abandoned a plan for complete exit from Coway last year
Riyadh aimed to raise around $200 billion over several years.