Korea M&A Corporation

South Korea's SK Innovation Co Ltd (096770.KS) plans to invest 5.1 trillion won ($4.32 billion) to build battery production facilities in the United States through its battery joint venture with Ford Motor Co (F.N) through 2027, the company said in a regulatory filing on Tuesday. The South Korean battery maker, which supplies electric car batteries to Ford Motor and Hyundai Motor Co (005380.KS),..

Sovereign wealth fund urged to cooperate with Korean firms By Park Jae-hyuk The Korea Investment Corporation (KIC) seeks to increase the size of assets under its management to $400 billion by 2035 from the current $150 billion, according to the head of the nation's sovereign wealth fund, Wednesday. "We've achieved significant growth as the size of assets under our management rose to over $150 bi..

Samsung Securities and Samsung Life Insurance will invest tens of billions of won in a private equity fund (PEF) set up by Rothschild Merchant Banking, the private equity investment arm of Rothschild Group. The securities affiliate of Samsung Group said that the British financial company will run the PEF, which will target undervalued European companies. "We are in talks with Rothschild over inv..

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.SBI HOLDINGS, INC.(Incorporate..

The €338bn asset manager APG has invested almost €170m in warehouses in Japan through LaSalle Investment Management's Japan Logistics Fund III.The club-style fund, which closed on €325m, will focus on modern multi-tenanted logistics facilities in Greater Tokyo and Greater Osaka, according to LaSalle.The Dutch asset manager said: "In general, APG considers investing in logistic warehouses as attr..

Korea's Kolon Group will invest in a pharmaceutical plant in West Africa by establishing a joint venture with Saudi Arabia's sovereign wealth fund. According to investment banking sources on July 31, Kolon Group had signed an agreement on the 26th with the Islamic Corporation for the Development of the Private Sector, or ICD, to jointly invest in a pharmaceutical plant in Cote d'Ivoire. The ICD ..

Pantech is expected to break through its struggling smartphone business as it will receive investment from Samsung Electronics.According to both companies on Wednesday, Samsung Electronics will buy a 10.03 percent stake in Pantech at 53 billion won (47.55 U.S. million dollars) through issuance of new stocks via third party allotment. When the deal is finalized, Samsung Electronics will become Pa..

China State Grid Corp., the nation’s largest power distributor, agreed to pay Singapore Power Ltd. A$824 million ($810 million) for 19.9 percent of Australia’s SP AusNet as part of its $50 billion global acquisition plan.The Chinese state-owned company will also acquire 60 percent of Singapore Power’s other Australian energy and infrastructure assets held by SPI (Australia) Assets Pty, the Singa..

SK Telecom (SKT) is planning to sell all of its 15.3% shares of Virgin Mobiles USA for the pure investment purposes with Sprint acquiring Virgin Mobile USA. The 15.3% of shares are converted into a dismal 0.53% shares after Sprint's acquisition and this kills the South Korean global operator's strategic importance to Sprint. SK Telecom's future attempts to acquire any significant operator will d..

China Investment Corp (CIC), the country's $200 billion sovereign wealth fund, has agreed to buy a 40 percent stake in investment firm CITIC Capital Holdings Ltd, the official China Securities Journal reported on Monday. CIC will buy new shares to be issued by Hong Kong-based CITIC Capital, in which CITIC Pacific (0267.HK) and CITIC International Financial Holdings Ltd each hold 50 percent, the ..

China has given approval to PetroChina (0857.HK) to invest in Nippon Oil's (5001.T) Osaka refinery, finalising the Chinese state energy giant's second overseas refinery takeover. The National Development and Reform Commission, the country's planning agency said on its website (www.ndrc.gov.cn) that approval for the Osaka plant purchase was granted in June, but gave no details. Industry officials..

Bank of China has provided $1.7 billion in financing to help PetroChina acquire Singapore Petroleum Co from Keppel Corp and others, Basis Point said. The funds will be provided to PetroChina ( PTR - news - people ) International (Singapore) Pte Ltd and are guaranteed by parent, PetroChina, Asia's largest oil and gas producer, Basis Point quoted banking sources as saying on Friday. The deal will ..

Taiwan will allow investment from mainland China in 100 industries and projects, helping the island’s economy to benefit from the warmest cross-strait relations in 60 years. Taiwan will open up 64 sectors in manufacturing, 25 in services and 11 public infrastructure projects from today, the Ministry of Economics Affairs told a briefing in Taipei. Foundries and the liquid-crystal-display and tele..

It's not unknown for China to detain business players for lengthy periods of time without formal charges and with scant information from authorities. When brushing up against such cases, U.S. private equity firms can find themselves snagged in a swirl of speculation that casts a shadow over a business deal. A Chinese joint venture of the Carlyle Group is resorting to legal action in China to cou..

Japanese mobile operator aims to strengthen music, video services offering with 35% share in NextWave subsidiary. NTT DoCoMo on Monday announced that it has acquired a 35% stake in wireless multimedia software firm PacketWave for $45.5 million. The Japanese mobile operator said it has been incorporating a number of PacketVideo's technologies into multimedia applications available via its FOMA 3G..

Chinese toll road operator Sichuan Expressway Co (0107.HK) said on Monday it planned to raise as much as 2 billion yuan ($292 million) selling new shares publicly in Shanghai, marking China's first major IPO since last September. The Hong Kong-listed company will sell up to 500 million yuan-denominated A shares, or 16.35 percent of its enlarged capital, and will use the proceeds to fund an acqui..

Chinese equipment maker Shanghai Jwell Extrusion Machinery Co. Ltd. is building a new factory in Suzhou to significantly expand its capacity, as executives say they are looking at an European acquisition. The Shanghai-based company, which employs 2,000 at 13 factories in China, opened the initial phase of a 100,000 square meter (1.07 million square foot) facility in Suzhou, Jiangsu Province this..

Nomura Holdings Inc., Japan’s biggest brokerage, is seeking a partner in China to help it establish an equity underwriting business in the world’s second best- performing stock market. The push into China is part of Nomura’s goal to get 50 percent of revenue from outside Japan in the next two years, from 30 percent currently, Siggi Thorkelsson, head of Asia- Pacific equities, said in an intervie..

Global private equity firm The Carlyle Group announced today it has successfully closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV (CAGP IV), a sector-agnostic growth capital fund which invests in high growth private companies with strong local management and leading market position in China, India, Korea and other key Asian markets. Despite a difficult fund-raising en..

World economies may falter but China story hasn’t lost its steam. At an expected GDP growth of 6.5% for 2009, China appears to have performed better than many other large economies. The government’s $586 billion stimulus package appears to be doing wonders in China. If China story indeed continues, prospects are bright for companies such as Toronto listed Sino-Forest Corporation (TSX: TRE). Sino..

Mitsubishi Estate Co (8802.T: Quote, Profile, Research), Japan's second-biggest developer, is interested in buying a Real Estate Investment Trust (REIT) in Japan and preparing to launch a property investment fund in the United States, the company's president said on Wednesday. Mitsubishi Estate President and CEO Keiji Kimura also said the company is keen to buy a real estate investment managemen..

LaSalle Investment Management said on Monday it has $3 billion available for investing in Asian real estate and is ready to re-enter the market after nine months on the sidelines, focusing initially on Japan and Australia. "The process of debt restructuring and market resetting and capital and economic stabilisation seems to be happening fastest in those countries," Chief Investment Officer for ..

Russian state nuclear firm and a consortium of Japanese companies may increase their stakes in Canadian miner Uranium One to 20 percent each, a Uranium One executive said on Wednesday. Uranium One Chief Financial Officer Robin Merrifield also said his company was considering buying another Kazakh deposit. Earlier this month, Russia's Rosatom secured a 17 percent stake in Uranium One in exchange ..

Swiss food and beverage giant Nestle will step up investment in Southeast Asia despite the impact of the global economic crisis, the company's chief executive said here. Paul Bulcke said the financial downturn was not deterring Nestle from committing 260 million Swiss Francs (241 million US dollars) to the region, a 15-20 percent increase from 2008. "I see more opportunities than problems," he s..

The parent group of South Korea's largest bank Kookmin is seeking to raise up to $3 billion through a share sale by around the third quarter, a banking source said on Friday, as it prepares for a surge in bad loans and possible acquisitions. KB Financial Group's (105560.KS) planned sale would come after Korean banks have already raised a combined 28 trillion won ($22.5 billion) through issues of..

SHANGHAI — Bain Capital, the private equity firm, is planning to invest as much as $400 million to acquire a minority stake in Gome Electrical Appliances, one of the biggest retailers in China, according to people with knowledge of the talks. The deal, which could be announced as early as Tuesday, would be one of the largest American investments in a Chinese company and could help stabilize a co..

The National Aviation Co. of India Ltd., which runs Air India, has asked the federal government for 39.81 billion rupees ($798.2 million) in financial assistance, Civil Aviation Minister Praful Patel said Thursday. The owning company, Nacil, has "submitted a proposal for an equity induction of 12.31 billion rupees and a proposal for a soft loan of 27.50 billion rupees," Mr. Patel told Parliament..

Shanghai Airlines is expected to receive a CNY1 billion ($146 million) capital injection through the issuance of a nonpublic stock offering to Jinjiang International Holding, its third-largest stakeholder. The move is designed to reduce SAL's debt ratio and relieve some pressure as its financial situation worsens (ATWOnline, Feb. 6). The carrier said its debt ratio will fall 5.9 points to 85.5% ..

By Pierre Paulden and Rob Delaney Jan. 1 (Bloomberg) -- LyondellBasell Industries AF, the chemicals maker controlled by billionaire Len Blavatnik, may file for bankruptcy as a way to restructure debt that financed its $12.7 billion merger a year ago. The company hired an executive to oversee a restructuring in case it seeks court protection and said its private-equity owners denied a request for..

By Wang Xing (chinadaily.com.cn) Chinese investment company Fosun International has announced that it has acquired a 13.3 percent stake in China's largest outdoor advertising company Focus Media that had been recently acquired by Sina Corp. That will make Fosun the third largest shareholder in Sina after the deal is completed. Fosun said in a statement that it spent $150.11 million on 17,267,078..