SWFI First Read, February 17, 2017

HNA Group Buys Small Stake in Deutsche Bank

China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank.

GIC Sold Some Shares in CGN Power Co., Ltd

Singapore’s GIC Private Limited lowered its stake in CGN Power Co., Ltd (China General Nuclear Power Group) from 5% to 4.8%. GIC sold 25,382,000 H shares in the company at the average price of HK$ 2.41 per share.

Mapletree Investments Buys Oakwood Worldwide

Singapore-based Mapletree Investments Pte, a real estate development, investment and capital management company, has acquired Los Angeles-based Oakwood Worldwide, a provider of corporate housing and serviced apartment solutions. The acquisition covers all of Oakwood’s global operations. Christopher Ahearn will take over as CEO of Oakwood Worldwide. Ahearn was Oakwood’s senior vice president of sales and marketing from 2005 to 2010, later serving as a Senior Advisor at TPG Capital.

At the moment, all of Mapletree’s nine corporate housing and serviced apartment assets in the United States and Australia are managed under the Oakwood brand as part of a collaboration signed in 2014. The collaboration also saw Mapletree acquire a 49% stake in Oakwood’s Asia Pacific operating arm, Oakwood Asia Pacific. Temasek Holdings controls Mapletree Investments.

Korean Insurance and Public Funds Acquire Stake in National Grid Gas Distribution Through Secondary Deal

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