BPO Unibank will continue to own 85% of its rural banking arm.
Rest of Asia
GPIF’s view of integrating ESG is about making the capital markets more sustainable.
PE fundraising in the region last year dropped to $75 billion, or 34 per cent below the previous five-year average.
The new entity will target to raise at least $500 million for a regional growth vehicle.
Hitachi plans to sell its majority stake in Hitachi Chemical and the process could start as early as this month.
The firm closed its second fund at $860 million in 2016.
The owners of the luxury shoe brand have put the company up for sale for $500 million.
Both investors were to pump in Rs 925 crore each, at Rs 850 per share, to acquire 1.08 crore shares each from PNB.
Mirae India was established in 2007 with a seed investment of $50 million.
The fund seeks to raise $750 million in total committed capital, and will accept fund subscriptions for up to $1 billion.
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