SoftBank Vision Fund invests $560m in Germany’s Auto1 car portal

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The investment, which marks SoftBank’s first investment in Germany, will be made through its nearly $98-billion Vision Fund.

India: IDFC Bank announces merger with Capital First

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IDFC Bank and Capital First’s merger will create a combined entity with assets under management of Rs88,000 crore and distribution network of 194 branches.


Saudi sovereign wealth fund said to weigh bank loans for investments

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The Public Investment Fund, or PIF, has held talks with local and international banks and could raise about $5 billion this year.


Standard Chartered exits Vietnam’s Asia Commercial Bank

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ACB’s shares were trading at around VND40,000/share on Hanoi Exchange, valuing the sale at about $263.2m.


France’s Kering pares stake in Puma to focus on luxury brands

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Under the terms of the agreement, Kering will distribute to its investors 70% of the shares of Puma. The plan leaves Kering founder Francois Pinault’s holding company Artemis with about 29% of Puma shares.


China: Cashier-free stores operator Bianlifeng acquires rival Lingwa

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Bianlifeng raised $300 million from CC Zhuang, founder of Chinese online travel search portal Qunar.com and Zebra Capital last year. 


China: CITIC Capital takes controlling stake in Harbin Pharmaceutical

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CITIC Capital increased its stake in HPGC to 60.86%, making it the controlling shareholder in the company where it has been an investor since 2005.


Indonesia lays foundation for transfer of Grasberg copper mine to local control

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Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.


Malaysia’s Top Glove acquires Adventa Capital unit Aspion for $345m

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The acquisition of Aspion makes Top Glove one of the world’s largest surgical glove manufacturers.


Mubadala explores sale options for its $920m stake in Malaysian lender RHB Bank

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Mubadala’s stake is worth about $920 million based on Thursday’s closing price.