2014.3
IHH ‘eyes $4.5 bln bid for Australia healthcare firm’
IHH Healthcare Bhd, Asia’s largest hospital operator by market value, is considering making a A$5 billion ($4.5 billion) offer for Australian healthcare firm Healthscope, a person familiar with the matter told Reuters on Tuesday.
Kalyan Group ‘in talks to sell $200 to $250 mln stake’
Indian silk and jewellery retailer Kalyan Group is holding separate talks with Blackstone, TPG Capital Management and Temasek Holdings to sell a minority stake for $200 to $250 million, two sources with direct knowledge of the matter told Reuters.
ONGC, Oil India ‘complete $873 mln IOC stake buy’
State-run Oil and Natural Gas Corp and Oil India have completed purchase of a 10 percent stake in state refiner Indian Oil Corp for 53.4 billion rupees, senior executives at the two companies said on Friday.
K&L Gates appoints HK/Tokyo finance partner
K&L Gates has hired Philip Hyde from Hogan Lovells as a partner in the firm’s finance practice.
Top Ahmadinejad aide indicted amid Iran graft case
Former Iranian President Mahmoud Ahmadinejad’s top aide has been indicted, apparently in connection with allegations of corruption in the previous administration, Iranian media reported on Monday.
GE, Bombardier share S. Africa train deal with Chinese firms
South Africa’s state-owned logistics company on Monday awarded General Electric, Bombardier and two Chinese firms a contract to supply over 1,000 trains, as part of a $28-billion expansion plan.
Asia Appts: BKL hires 3 former judges
Also, Rajah & Tann, Milbank and ELP bring new practice heads on board, Yulchon hires ex-judge, Yoon & Yang expands its criminal practice, BLP grows HK finance team, and much in our weekly Asia appointments spotlight.
Emaar plans $2.5 bln listing of shopping mall unit
Dubai’s Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise eight to nine billion dirhams ($2.18-$2.45 billion), making it one of the region’s largest equity offers since 2008…
DBS ‘agrees to buy SocGen’s Asian private bank’
Singapore’s DBS Group Holdings has agreed to buy Societe Generale’s (SocGen) Asian private bank for about $250 million, with an announcement expected as early as Monday, sources familiar with the matter told Reuters.
Sina Weibo files for $500 mln U.S. IPO
Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.