ADB’s private sector operations commitments reach $2.3Bn in 2017
Asian Development Bank (ADB) private sector operations over the past year reached $2.3Bn, growing the bank’s overall portfolio of private sector operations by 17% to $10.9Bn. The 27 new private sector operations committed in 2017 accounted for 13.4% of overall signed regular ordinary capital resources financing. Last year’s commitments were complemented by $5.9Bn in cofinancing, […]
Michael Kors completes acquisition of Versace and changes name to Capri Holdings
Michael Kors Holdings Limited global fashion luxury group completed today the acquisition of Versace for a total consideration of €1.83 Bn (approximately $2.12 Bn on the date of announcement). The US fashion holding also unveiled that they will change their name into Capri Holdings Limited. Therefore, beginning on January 2nd, 2019, its New York Stock […]
UBER, to close Careem’s purchase in Dubai before launching IPO in Nasdaq
UBER is bound to sign the purchase of Careem Networks FZ, its competitor in Dubai, for a total consideration of $ 3.1 Bn ($ 1.4 Bn in cash and the remaining $ 1,700 in convertible notes). At least the fact is taken for sure by the private wealth management company Yokohama Daisan Management. The deal […]
