Posts Tagged “billion”

London Stock Exchange rejects Hong Kong’s $39 billion takeover offer

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London Stock Exchange rejects Hong Kong’s $39 billion takeover offer

LONDON: The London Stock Exchange emphatically rejected the Hong Kong bourse’s $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal which it said had no strategic merit, and that…

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Kotak Special Situations Fund gets commitments worth $1 billion

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Kotak Special Situations Fund gets commitments worth $1 billion

Kotak Special Situations Fund, which aims to invest in distressed assets, has reached its final close with total commitments of $1 billion ( ₹7,000 crore) from investors, a top executive said. The fund, launched in February 2019, is anchored by a $500 million commitment from sovereign wealth fund Abu Dhabi Investment Authority (ADIA). The fund will be managed…

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Australian, Canadian pension funds pledge $2 billion in NIIF

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Australian, Canadian pension funds pledge $2 billion in NIIF

The National Investment and Infrastructure Fund Ltd (NIIF) Tuesday said it has received commitments of about $2 billion from AustralianSuper, Australia’s largest superannuation and pension fund, and Ontario Teachers’ Pension Plan (Ontario Teachers’), one of Canada’s largest single-profession pension plans. These include commitments of $250 million each into NIIF’s master fund, and co-investment rights of…

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