Rest of Asia
Sorabito operates heavy machinery e-commerce platform Allstocker.
This is a rare example of CFIUS undoing an acquisition that has already been completed.
The plan to sell its Ashoka Concessions stake is part of Macquarie’s efforts to exit investments from its previous India fund.
The investment has been made through KA Enterprises Llp, Padukone’s strategic initiative arm.
The Kuala Lumpur-listed firm has Latin America “on the radar” as it looks to expand its global refining capacity.
A prolonged delay could put at risk the survival of the cash-strapped smartphone screen maker.
GMR is also in the final stages to conclude a deal with Singapore-based ESR for a 120 acre logistics park.
JD.com will remain the majority shareholder of the healthcare unit.
Utico would provide working capital and any urgent interim funding to Hyflux as part of the offer, its CEO said.
Among its conditions, Etihad Airways wants an exemption from an open offer that may be triggered by a change in ownership structure of Jet Airways.
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