By Tanu Pandey
Navis’ investment pipeline right now is around $2 billion
A South Korean newspaper had reported about Petronas’ interest in Daewoo’s unit.
Petronas is considering acquiring the 50.75% stake owned by Korea Development Bank (KDB).
The PE firm says one of its challenges is finding good talent for management teams of portfolio firms.
Under the reorganisation, the investment holding function and the Malaysian airline business will be separated.
The acquisition will make Edotco the biggest independent telecoms tower operator in the South Asian nation.
The businesses will be listed after a restructuring that would create three standalone units.
Privately-owned KOTAM is said to be negotiating final terms to acquire AirAsia’s fully-owned unit, Asia Aviation Capital.
A merger would have offered ANZ an opportunity to sell its 24% stake in AMMB.
The fund could reduce holdings in cash and money markets by at least 5 percentage points.