SWFI First Read, July 20, 2017

Path to an Indian National Oil Champion

India-owned Oil and Natural Gas Corporation Limited (ONGC) got a green light to acquire a 51.1% stake in state-owned refiner Hindustan Petroleum Corporation from the Indian government. The ownership stake is valued at US$ 4.6 billion based on a recent market valuation of Hindustan Petroleum Corporation.

Alpha Investment Partners Invests Money into Singapore Data Center

Alpha Investment Partners Limited, through its vehicle called the Alpha Data Centre Fund, committed capital of 170 million SGD for a 70% stake in a newly built data center in Singapore. The property is called Thorium. The other 30% owner of Thorium is Keppel Data Centres.

Alpha Investment Partners is a subsidiary of Keppel Group.

David Wicks to be Head of Continental Europe for Northern Trust

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