ArcelorMittal wins bid to buy Italy’s Ilva steel plant

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The steel plant accepted the bid of $2.23 billion.

Israel’s Netafim draws interest from private equity, Chinese bidders

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Potential bidders include China’s Fosun and Primavera Capital.


China’s Fosun, others eye Australia’s Origin Energy gas assets worth $1.5b

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Australia’s top energy retailer Origin has drawn interest from at least five potential bidders.


Philippines: Singapore’s sovereign fund GIC acquires direct stake in BPI bank

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Liontide Holdings transferred 46.63m shares worth $91.4m to GIC


Malaysia: Fintech firm Soft Space bags $5m from Japan’s Transcosmos Inc

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In January Soft Space partnered Japan’s Sumitomo Mitsui Card Company (SMCC) to offer payment solutions in SEA and Japan


India: SBI said to pick BofA, Deutsche Bank to arrange its $2b offering

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SBI is seeking capital to bolster loan growth after Q4 profit doubled


China’s GSR close to sealing $1b deal for Nissan battery venture

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The firm is in advanced talks with Nissan about buying a stake in Automotive Energy Supply Corp.


UPS, SF Holdings to form JV, to expand China-to-US shipping services

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SF Holdings is China’s dominant package delivery firm.


Japan: 2016 net external assets rise to second largest on record driven by M&A

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Japan remained the biggest creditor nation for the 26th straight year.


India Digest: Quikr eyes Babajob; Harvest Gold may sell majority stake; GMEX to buy MSE stake

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Online classifieds startup Quikr is close to buying out Babajob, while Mexican company Grupo Bimbo is acquiring a controlling stake in Harvest Gold. Also London-based GMEX Group will acquire a 5 per cent stake in Metropolitan Stock Exchange of India (MSE). Quikr close to acquiring blue collar marketplace Babajob Continuing its acquisition spree, online classifieds… Read more »