U.S. energy firm AES Corp. is in talks to sell its majority stake in one of Vietnam s largest coal-fired power plants, two people familiar with the discussions said, as part of its global strategy to divest coal assets by the end of 2025.
Aes: The plant s second-largest shareholder, South Korea s energy firm Posco International, told Reuters it was also considering selling its 30 per cent stake, but did not elaborate further.
Middle East asset manager Investcorp eyes up to $550 mln in first China yuan fund reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity fund in the Chinese currency, its executive said, to explore buyout opportunities in the country. Investcorp plans to apply in the next few months for a license with Chinese regulatory bodies that will allow it to start raising funds from domestic institutions next year, Investcorp's co-chief executive officer Hazem Ben-Gacem said. Abu Dhabi sovereign investor Mubadala holds a 20% stake in Investcorp.
Middle East Asset Manager Investcorp Eyes up to $550 Million in First China Yuan Fund usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.