By Anshuman Daga
Axiata is in talks to team up with PE firms and other companies as it considers options to launch its own offer for a bigger stake in M1.
The pension fund has also added a technology mandate within its private equity programme.
Launched in November 2017 by venture builder LaunchPad, Jibble said it is preparing for another funding round in early- to mid-2019.
After leaving CIMB, Nazir may focus on a private equity fund known as Ikhlas Capital he set up recently with several well-connected figures.
By grooming a company for IPO, the PE firm expects to receive better value, even if the company ends up being acquired by a trade buyer.
The unit, edotco, recently cancelled a $940-million deal to acquire 13,000 towers from a unit of Pakistan Mobile Communications as regulators failed to provide all approvals for the transaction to go through.
The company is considering increasing its stake in Turkey’s Gama Enerji AS that produces electricity using water, wind and natural gas.
Felda flagged the property sales last year when it trimmed its stake in Maybank, Malaysia’s biggest lender by assets.
Bursa-listed global plantation company Felda Global Ventures Holdings Bhd (FGV) announced the resignation of its group president and CEO, Zakaria Arshad, effective September 18.
The transaction was terminated due to the non-fulfillment of certain conditions.