China’s SDIC to exit coal power investments, shift focus to clean energy

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SDIC will no longer invest in new thermal power business, a Beijing-based spokesman said Wednesday.

Australia’s Navitas agrees to $1.49b takeover offer from founder, PE firm

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Navitas in January had backed the sweetened buyout offer from the consortium, after rejecting its two earlier bids last year.


Indonesia’s Medco offers $539m sweetened bid for Ophir Energy

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Medco plans to fund the deal by proceeds of a credit agreement and from its existing cash resources.


India: Mindtree board fails to decide on share buyback

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A share buyback by the IT services firm could potentially push up the acquisition cost for L&T, which had earlier this week bought 20.32% stake in Mindtree.


Indian lender asks Jet Airways chairman Naresh Goyal to step down

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State Bank of India (SBI), the largest lender to cash-strapped Jet Airways, said it was in the interest of lenders to revive the distressed carrier.


Metro AG’s $1.5b China unit sale attracts Tencent, Citic PE

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The German retailer is willing to sell as much as 80% of the Chinese business while retaining a significant minority.


Vietnam’s Quoc Viet Seafood hires EY to run majority share sale

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By giving up a majority interest, Quoc Viet reportedly said it is looking to raise funds to meet working capital needs of its farm integration plan.


Australia’s Aeris Resources makes $575m offer for Glencore copper mine

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Glencore had put the mine up for sale in 2015, but withdrew it from the market in 2016 after failing to agree a deal with potential buyers.


Germany to set up state fund to shield big firms from Chinese takeovers

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In Germany, the Chinese takeover of robotics maker Kuka in 2016 was the wake-up call for the government that underlined the urgency for the state to become more active.


India Digest: Castex to invite fresh bids; CCI clears Radiant-Max Healthcare merger

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The CCI has cleared the proposed merger between private equity firm KKR-backed Radiant Life Care and Max Healthcare.