Author: Deal Street Asia Online News

Vodafone looking to sell its entire $2.3b stake in India’s Indus Towers: reportVodafone owns 21.5% of mobile-tower operator Indus via various group en…

Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm’s effort to repay debt. Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday’s closing stock price in Mumbai,… Continue reading Vodafone looking to sell its entire $2.3b stake in India’s Indus Towers: reportVodafone owns 21.5% of mobile-tower operator Indus via various group en…

TotalEnergies sells Brunei unit to Malaysia’s Hibiscus Petroleum for $259m

French oil and gas major TotalEnergies will sell its Brunei business to Malaysian independent exploration and production firm Hibiscus Petroleum for $259.4 million, both companies said on Friday. TotalEnergies said the sale is part of its strategy to sell its mature fields and reallocate cash to promising new locations, such as Namibia, where the French firm will… Continue reading TotalEnergies sells Brunei unit to Malaysia’s Hibiscus Petroleum for $259m

Hyundai to sell up to 17.5% stake in up to $3b India unit IPO

South Korea’s Hyundai Motor is looking to sell a stake of up to 17.5% in the planned initial public offering of its India unit to raise up to $3 billion, three sources familiar with the matter said, in what could be India’s biggest ever IPO. Hyundai is expected to file papers for the listing with the stock market… Continue reading Hyundai to sell up to 17.5% stake in up to $3b India unit IPO

These were our most read stories of May 2024

Notwithstanding the bleak landscape, some private equity majors in SE Asia have been busy lining up exit strategies for some of the older investments in their portfolios. Even as fund managers are exploring multiple options as part of their exit strategies, LPs in Asia are still less inclined towards unconventional routes. Our top stories in May include Falcon House’s… Continue reading These were our most read stories of May 2024

SoftBank-backed Tempus AI prices US IPO at over $6b valuationThe listing of the company, which is yet to be profitable, will test investor appetite.

SoftBank Group-backed Tempus AI set the pricing of its U.S. initial public offering at $37 per share on Thursday, aiming to raise $410.7 million. The genetics-testing company priced its IPO at the higher end of its targeted range of $35 to $37, valuing the firm at about $6.10 billion, based on the outstanding shares listed in its filing with… Continue reading SoftBank-backed Tempus AI prices US IPO at over $6b valuationThe listing of the company, which is yet to be profitable, will test investor appetite.

Citi appoints new Asia head of sales for markets

Citigroup said on Friday it has appointed a new head of sales for markets across Japan and Asia after consolidating its corporate and institutional sales teams across all products. Cecile Gambardella will be the head of sales for markets for Japan, Asia North and Australia and Asia South, and report to Paul Smith, the head of markets for Japan, north Asia and Australia, and Sue Lee, the head of markets for south Asia, Citi said. Gambardella joined Citi in 2022 and was most recently the head of markets for France and Benelux, the bank said.… Continue reading Citi appoints new Asia head of sales for markets