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Qatar Petroleum: Major IPO Updates in Doha

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desertIn May of 2013, the Sovereign Wealth Fund Institute posted a story about Doha Global Investment Co., the investment company partially backed by Qatar Holding LLC, noting the investment company’s decision to postpone its initial public offering until regulatory approval could be met. Qatar Holding LLC is a subsidiary of the Qatar Investment Authority.

It appears that that postponement could be much longer than anticipated as the fund is continuing to experience difficulties in implementing the IPO.

However, there is growing speculation that Qatar Petroleum will be offering IPOs in four of its units in the near future. Some local investors are selling assets and holding cash in anticipation of shares from the third largest oil company in the world by oil and gas reserves coming onto the market.

The speculation is fanned in part by remarks made in May by Hussain Al-Abdulla stating that Qatar Petroleum would be offering shares in the coming years. Hussain Al-Abdulla is an executive board member of the Qatar Investment Authority.

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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