Blackstone acquired the 46-per cent stake in Geo-Young from another PE firm, Anchor Equity Partners.
KHI is also subscribing 52 million convertible preference shares to be issued by Modenas. Once converted, KHI’s stake in the company will rise to 48
KNOC bought Dana in 2010 for $2.9 billion, in what was then seen as a hostile deal.
In 2017, IFC had approved inking a risk-sharing facility package worth up to $450 million with the Japanese bank.
The startup is aiming to fulfil a workforce gap in the hospitality and tourism sectors as Japan prepares for the 2020 Tokyo Summer Olympics and Global
Rest of Asia
Despite SoftBank's oversized presence in the global ride-hailing industry, such services are effectively banned in Japan.
The Goldin asset is said to have enjoyed an increase of HK$4.2 billion in fair value by the end of 2018, from the HK$12.5 billion fair value in 2016.
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