U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion (2.4 billion pounds), the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
HONG KONG/DUESSELDORF, Germany German wholesaler Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers in the hospitality industry.
Hongkong/Düsseldorf Der Handelsriese Metro verkauft die Mehrheit an seinem China-Geschäft und will mit dem Erlös sein Großmarktgeschäft ankurbeln.
SHANGHAI/HONG KONG State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong, three people with direct knowledge of the matter told Reuters on Thursday.
NEW YORK/HONG KONG Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd's planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.
HONG KONG As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in another part of the city were busy taking in billions for the public float of the Asia unit of the world's largest brewer.
HONG KONG AB InBev's Asia-Pacific unit, which raised about $5 billion after relaunching its IPO this month, rose more than 6% on its market debut in Hong Kong, easing concerns of the impact of ongoing anti-government protests on new share offerings.
BEIJING/HONG KONG China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.
HONG KONG Brewer AB InBev priced the Hong Kong IPO of its Asia-Pacific unit at the bottom of a marketed range to raise about $5 billion, indicating deals in the pipeline may need subdued valuations to succeed as protests in the city unnerve investors. | Video