Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from Abu Dhabi state fund Mubadala Investment Company, the two companies said on Wednesday. Upon closing of the transaction, ADNOC will increase its shareholders in both European petrochemical maker Borealis and Abu Dhabi-listed petrochemicals firm… Continue reading Abu Dhabi’s ADNOC to pick 24.9% stake in Austria’s OMV from MubadalaMubadala’s stake in OMV is valued at around $4.1 billion
Author: Deal Street Asia Online News
India’s RBI chief says next financial crisis will come from private cryptocurrencies
FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo India’s central bank chief on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be… Continue reading India’s RBI chief says next financial crisis will come from private cryptocurrencies
Saudi wealth fund PIF buying 30% stake in Saudi Tabreed
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday. The sale is subject to completion procedures. United Arab Emirates-listed National Central Cooling Company, known as Tabreed, has also boosted its stake in the Saudi venture… Continue reading Saudi wealth fund PIF buying 30% stake in Saudi Tabreed
Philippine bourse sees no fraudulent trading in PLDT shares
The Philippine Stock Exchange (PSE) said on Wednesday there was no indication of fraudulent trading in PLDT Inc shares before the company’s disclosure of budget overruns, with most of the deals carried out by institutional traders. “Just to assure you, without going to specifics, we did not see any indication of any fraudulent trades prior… Continue reading Philippine bourse sees no fraudulent trading in PLDT shares
China to unveil new rules to rein in fund ‘greenwashing’
China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market, sources with direct knowledge of the matter said. The new rules, which could be in place in the first half of 2023, will mark a major… Continue reading China to unveil new rules to rein in fund ‘greenwashing’
GLP-backed Monoful hits first close of Japan-focused fund at $96mThe new investment vehicle will have five startups in its investment portfolio by the…
Monoful Venture Partners, a Japan-based venture capital arm of GLP, has secured 12.9 billion yen ($96 million) in capital commitments to mark the first close of its maiden fund – Monoful Venture Partners I, according to a company release. Launched this year, Monoful aims to invest in growth-stage startups in the logistics and real estate… Continue reading GLP-backed Monoful hits first close of Japan-focused fund at $96mThe new investment vehicle will have five startups in its investment portfolio by the…
SEA Digest: ADB okays $107m loan for BIM Wind; Fita raises funding
Indonesian digital health startup Fita has raised funding while the Asian Development Bank has approved a $107-million financing for Vietnam-based BIM Wind Power Joint Stock Company. Indonesian health platform Fita bags $1.9m Indonesian digital health startup Fita has raised 30 billion rupiah ($1.9 million) from Indico, a subsidiary of Telkomsel Ekosistem Digital, according to a… Continue reading SEA Digest: ADB okays $107m loan for BIM Wind; Fita raises funding
Musk says he’ll step down as Twitter CEO after finding a replacement
Elon Musk said on Tuesday he will step down as chief executive of Twitter after finding a replacement. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Musk wrote on Twitter. This is the first time… Continue reading Musk says he’ll step down as Twitter CEO after finding a replacement
In 2022, Vietnam’s PE space left high and dry amid economic uncertaintiesVietnam is set to close 2022 with fewer PE deals compared with 2021.
Vietnam is set to close 2022 with fewer private equity (PE) deals — both large-ticket and mid-sized — compared with 2021, despite the pandemic effect having largely waned. Investors and industry experts attributed it to market uncertainties, triggered by an inflationary environment and global supply-chain disruption. While VinaCapital told DealStreetAsia recently that the firm has… Continue reading In 2022, Vietnam’s PE space left high and dry amid economic uncertaintiesVietnam is set to close 2022 with fewer PE deals compared with 2021.
India: PE-VC exit value more than halves in 2022 as investors hold on to portfolio
Easy exits that private equity (PE) and venture capital (VC) firms in India witnessed in 2021, did not continue into 2022. According to data from research firm Venture Intelligence, fund managers encashed as much as $16.7 billion from exit deals as of December 12 this year, which signals a massive drop from 2021, when the… Continue reading India: PE-VC exit value more than halves in 2022 as investors hold on to portfolio