Global

David Luboff joins KKR’s APAC infrastructure team
Global

David Luboff joins KKR’s APAC infrastructure team

KKR said David Luboff has been appointed as a Member and Head of Asia Pacific Infrastructure. He is based in KKR’s Singapore office and will lead the Pan-Asian operations of KKR’s global Infrastructure business. Mr. Luboff joins KKR from the Macquarie Group, where he spent over 18 years. Most recently, […]

Fitch warns US on possible downgrade
Global

Fitch warns US on possible downgrade

Global credit rating provider, Fitch Ratings has warned of a possible cut to the U.S. triple-A sovereign credit rating later this year. The credit rating provider said if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting. “If this shutdown continues to March 1 […]

Orange reportedly bids to acquire Euskaltel
Global

Orange reportedly bids to acquire Euskaltel

There are indications that Orange is in the bid to acquire Euskaltel. According to a report by El Economista, citing several sources, its interest could increase in the coming months, adding that relations between the two companies are already “excellent”. Indeed, Orange already provides access to its mobile network to […]

S&P downgrades PG&E to junk status
Global

S&P downgrades PG&E to junk status

Global credit rating provider, S&P Global Ratings said it has stripped America’s power utility PG&E Corp of its investment-grade credit rating. The rating agency said it has kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly […]

Naspers invests $1 billion in Swiggy
Global Tech

Naspers invests $1 billion in Swiggy

South Africa’s Naspers said that it has executed definitive agreements to lead a USD one billion Series H round in Swiggy, India’s largest food delivery platform with a US$660m investment. The company said in a statement that the round includes participation from several existing investors including DST Global, Meituan Dianping […]

Breaking: Femi Otedola to sell 75% stake in Forte Oil
Energy

Breaking: Femi Otedola to sell 75% stake in Forte Oil

Forte Oil Plc has announced that its founder and CEO, Femi Otedola will be divesting about 75% stake of his equity in the company. The company said in a statement that: “Forte Oil Plc hereby notifies the Nigerian Stock Exchange, Securities and Exchange Commission, Shareholders and the investing community that […]

Rio Tinto completes sale of Grasberg mine
Global

Rio Tinto completes sale of Grasberg mine

Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion. The transaction is part of a series of transactions involving Inalum (PT Indonesia Asahan Aluminium (Persero)), Indonesia’s state mining company, and Freeport McMoRan Inc. Rio Tinto chief executive J-S Jacques said […]