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Friday SWFI News Roundup, September 18, 2015

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Mubadala Posts 15.9 Billion AED in Profit 1H 2015

Abu Dhabi-based Mubadala Development Co. posted 15.9 billion AED in profit for the first half of 2015. Mubadala’s total assets totaled 241.7 billion AED at June 30, 2015. During the first half of 2015, Mubadala and Trafigura announced the signing of an agreement to create a 50/50 joint venture company to invest in the base metals mining sector, beginning with copper extraction operations in Spain.

Khazanah Invests in Indian E-Retailer

Khazanah Nasional Berhad has invested in a round in Indian online fashion retailer Yepme. Yepme raised US$ 75 million from investors. Credit Suisse was the financial advisor for Yepme.

S&P Dow Jones Indices Launches Three New Climate Change Indices

S&P Dow Jones Indices has put out three new climate change indices. They are derived from the constituents of the S&P Global 1200. These indices are S&P Global 1200 Carbon Efficient Index Series, S&P Global 1200 Carbon Efficient Select Index Series and S&P Global 1200 Fossil Fuel Free Index Series.

China International Capital and China Reinsurance Get Approval for IPOs

China International Capital Corporation has received approval from Hong Kong’s stock exchange for an initial public offering. In addition, China Reinsurance, the country’s largest reinsurer, received approval as well.

Carlyle Group Raises $4.2 Billion for Realty Partners VII

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Mergermarket Gets Ready to be Sold

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Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.

Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.

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Why Japan Post Sees Promise in Aflac

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Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.

In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.

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RDIF and Development Agency of Serbia Agree to Explore Joint Investments

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The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.

In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.

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