2014.3
Temasek to buy stake in A.S.Watson for $5.7 bln
Singapore state investor Temasek Holdings has agreed to buy almost a quarter of health and beauty retailer A.S. Watson for about $5.7 billion in what would be its single biggest investment, and one that would boost its exposure to Asia’s fast-growing c…
China opens door further to foreign stock investors
China has relaxed rules to allow more foreign participation in its main stock market, in the latest step towards liberalising the financial system in the world’s second-largest economy.
Alibaba invests $280 mln in messaging app Tango
Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
India court rejects Nokia appeal over asset transfer to Microsoft
India’s Supreme Court on Friday ordered Nokia to give a 35 billion rupees ($572.5 million) guarantee before it transfers one of its biggest mobile phone plants and other assets in the country to Microsoft Corp.
India’s high court agrees to hear NTPC power pricing appeal
Delhi’s High Court agreed on Wednesday to hear a petition by India’s state-run power producer NTPC Ltd challenging a recent regulatory ruling on electricity pricing, the company said.
GrowthGate Capital plans Dubai IPO for logistics firm
Buyout firm GrowthGate Capital plans to take freight-forwarding company Able Logistics Group public in Dubai around the end of this year, a senior GrowthGate executive told Reuters, in a sign of growing strength in the region’s equity markets.
ACWA ‘picks adviser for home bourse IPO’
Saudi water and power project developer ACWA Power has chosen the investment banking arm of Banque Saudi Fransi to arrange its debut share sale on the kingdom’s stock exchange, banking sources said on Thursday.
Oman ‘plans to privatise 1 more company in 2014’
Oman is likely to privatise one more state company this year after offering a minority stake in telecommunications operator Omantel, Minister for Financial Affairs Darwish al-Balushi said on Thursday.
U.S. data centre firm in venture with Egyptian tycoon
U.S.-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris’ telecom empire to win business in Europe, Asia and the Americas.
SE Asia Deals: OC Oerlikon buys Sulzer’s Metco division
Also, A&G and WongP star in Temasek Holdings’ acquisition of Olam International, Khaitan & Co advises on L&T’s $97 million offer for sale for part of its holding in L&T Finance Holding, and much more in our weekly Southeast Asia deals spotlight.