San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
Investors
Daphne sales slow down stock performance
Chinese shoemaker Daphne International's sales performance lead to a sluggish stock performance on the bourse.
Former Xstata executives form new resources company
Mick Davis and Trevor Reid, former executives of Xstrata form X2 Partners to establish X2 Resources with the Noble Group and TPG.
HelloFresh closes Series C round with USD 7.5 million
HelloFresh was able to raise USD 7.5 million in Series C financing. Berlin-based ecommerce food site HelloFresh secured USD 7. 5 million for its Series C round.
Trilantic Partners to buy Addison Group from Lake Capital Partners
Trilantic Capital Partners would be purchasing Addison Group from Lake Capital Partners. Trilantic Capital Partners would be acquiring Addison Group from Lake Capital Partners for an undisclosed amount.
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Clinton Group had increased its stake in Nutrisystem Inc. by 5.2%, according to a filing on Monday. Activist hedge fund Clinton Group had increased its stake in Nutrisystem Inc.
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
Deutsche Wohnen investors approved a share plan for the purchase of GSW stock. The shareholders of Deutsche Wohnen gave its stamp of approval to the share plan for the purchase of GSW Immobilien.
Sovereign wealth funds put their bets on alternative assets to enhance returns. A survey by investment management services firm Invesco Ltd revealed that sovereign wealth funds were putting money in alternative assets to improve their returns.
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
On Monday, Renesas Electronics Corp received bailout funding from a government-led fund and its major customers.
Private equity firm KKR agreed to buy a 10% stake in Chinese home appliance maker Qingdao Haier. Global investment company Kohlberg Kravis Roberts (KKR) signed a definitive agreement to purchase a 10% stake in home appliance maker Qingdao Haier.
GSK had agreed to put its thromobosis drugs on sale to Aspen Pharmacare with proceeds to be used for general corporate purposes.
Private equity firms invested an undisclosed amount on the initial tranche of PaletteApp's Series A round.
