By Liz Lee
Asia-Pacific remains one of the world’s busiest markets for energy mergers and acquisitions. Of the total energy M&A deals done, 85, or 43 per cent – involved Chinese companies, at a total value exceeding $56 billion, with the country’s demand for oil due largely to ongoing urbanisation and rising household incomes.
Carlyle is acquiring WingArc1st from its president and CEO Hiroyuki Uchino and OPI2002 Investment Fund.
The four properties acquired are warehouses and distribution centers in Malaysia, Indonesia and Thailand.
While rejecting the GrainCorp-backed offer, CBH said it had received “several expressions of interest from other parties”. It would talk to shareholders about its future structure.
The renewal of Noble’s loans is seen by analysts as the most significant development this year for the trader of commodities ranging from iron ore to oil, after suffering a slide in investor confidence over the past year.
The New York-based buyout firm’s past investments include Sprouts Farmers Market and Smart & Final Stores Inc.
News Digest: Intel to sell part of VC portfolio; BofA to fire 15 top bankers in Asia; Stemcentrx IPO
Chip-maker Intel Corp has said it was looking at selling a part of its VC portfolio while Bank of America has reportedly axed 15 senior jobs in Asia.
The Carlyle Group has led an investment in the GCC Group, a major bean sport producer in Japan.
The messaging service promises end-to-end encryption for all conversations, including by video.
United Technologies Corp, maker of jet engines, aircraft components and building systems, said it is open to doing a large acquisition despite rejecting a merger proposed by Honeywell International Inc . “I wouldn’t be afraid to do a big deal,” Chief Executive Gregory Hayes said at an investor meeting on… Read more »