By Bloomberg News
Myanmar last month selected a consortium of local developer Min Dhama Co., Singapore’s Oxley Holdings Ltd. and China’s Sino Great Wall Co. as the preferred bidder for the redevelopment.
Red Planet Hotels will reinvest the sales proceeds in developing new hotels across Japan.
Alibaba Group’s cloud computing arm, Alibaba Cloud has launched a data center in Indonesia.
KEPCO has partnered PE firm COPA Fund for the deal. COPA is backed by Korea’s National Pension Service.
Shell has sold or agreed to sell over $25 billion of assets as part of a three-year program to dispose of $30 billion by the end of 2018.
The consortium led by VTB is up against ArcelorMittal, the world’s biggest steelmaker, that last month submitted a higher offer than the former.
Late last year, Brookfield agreed to sell its 27.7% stake in Transelec to China Southern Power for $1.3 billion, but the deal required regulatory approvals.
Wesfarmers, caught in an aggressive price war with Woolworths, recently reported a drop in first-half earnings partly due to lower contribution from Coles.
Singapore family offices had average AUM of $857 million in 2017, nearly double the APAC average.
Paul Jacobs has approached several investors in a bid to acquire the chipmaker, which he once ran and was founded by his father.