2014.2
Dongfeng confirms 800 mln euro investment in Peugeot tie-up
China’s Dongfeng Motor Group Co said on Wednesday it will invest 800 million euros ($1.1 billion) in French carmaker Peugeot SA via a share sale and rights issue while France’s government does the same, confirming a Reuters report.
Peugeot family ‘approves draft Dongfeng deal’
PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China’s Dongfeng that would draw a line under one of France’s oldest industrial dynasties, sources said.
Temasek ‘to sell $3.1 bln stake in Shin Corp to SingTel’
Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp INTUCH, according to people familiar with the matter, and has approached its SingTel unit as a possible buyer.
China calls for fair handling of escalating solar dispute with U.S.
China urged the United States on Monday to “objectively and fairly” handle an ongoing trade dispute between the two countries after Washington signaled last week it could extend import duties on Chinese solar panels to a wider range of products.
Rakuten buys Viber for $900 mln
Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire.
Indian phone carriers’ airwave bids raise debt concerns
Indian mobile phone carriers, Bharti Airtel Ltd and Idea Cellular, pared early gains on Friday as aggressive spending on airwave purchases raised concerns about debt levels in an industry where margins are relatively low.
Murphy Oil ‘eyes up to $3 bln Asia assets sale’
Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, sources said, as it looks to scale down in the region like some other U.S. energy companies.
Zain Bahrain IPO moves step closer with notice in govt gazette
Zain Bahrain has moved a step closer to launching a long-awaited initial public offer of its shares after the telecommunications operator announced its intention to become a public company in a government newsletter.
Asia Appts: Jones Day appoints new Asia head
Also, Shearman & Sterling hires nuclear energy partner in Tokyo, Hogan Lovells nabs DCM partner in Singapore, DaHui Lawyers appoints capital markets partner in Beijing, and much more in our weekly Asia appointments roundup.
Shearman adds energy partner in Tokyo
Shearman & Sterling has bolstered its project development and finance practice with the addition of George Borovas as a partner in Tokyo.