Satellite startup OneWeb raises $1.25b in Japan’s SoftBank-led round

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The latest round has taken OneWeb’s total funding to $3.4 billion till date.

OneWeb

New CEO of Walmart’s Japanese supermarket chain Seiyu says business is not for sale

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Japanese media reported last year that Walmart considered selling Seiyu, and that a sale could amount to $2.69 billion to $4.48 billion.


Solo bid from JSW Steel prompts ACCIL lenders to extend deadline

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Sajjan Jindal-led JSW is the only company to have submitted a resolution plan for ACCIL.


Indian conglomerate L&T set to acquire tech firm Mindtree for $2.35b

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Typically, an entity is required to make an open offer to gain control of a listed form only after acquiring 25% in the latter. But, in this case, L&T is set to use a section of the takeover code stipulated by Sebi that is rarely used to take over a listed firm.


Deutsche Bank to set up asset reconstruction unit in India

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The bank felt the need to have its own asset reconstruction company as current Indian rules restrict overseas investors from buying soured loans directly from lenders in the country.


Macquarie to sell Brussels Airport stake to APG, QIC and Swiss Life

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MIRA acquired its initial stake in Brussels Airport as part of the airport’s privatisation in 2004.


Asset managers should look to China, alts for growth, says Morgan Stanley

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Asset managers should look to the Asian nation as regulatory changes will lead to revenue growth in the long term, according to a Morgan Stanley report.


MY Dealbook: Asdion buys supply base firm; Texchem cuts stake in unit; Orlins raises funds

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Malaysia’s ACE Market-listed logistics company Asdion Bhd is acquiring Kingdom Infra Holdings Sdn Bhd for $16.25 million.


Indonesia Digest: OVO acquires Taralite; Tempo backs Foodizz

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The acquisition of Taralite will pave the way for OVO to branch out into P2P lending, which is seen as a potential profit-generator for the company.


Thailand’s PACE divests stake in Dean & Deluca Japan for $10m

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PACE Development Corporation has sold its 50% stake in the Japan unit of gourmet food brand Dean & DeLuca to Welcome Co Ltd for $10 million.