Tampilkan postingan dengan label Prudential Financial. Tampilkan semua postingan
Tampilkan postingan dengan label Prudential Financial. Tampilkan semua postingan
05.25
Bluestar is a company largely owned by ChemChina a Chinese SOE, has reached an agreement with a company which is a conglomerate Orkla Norway. In the agreement, Bluestar will buy the business unit that consists of Elkem Elkem Silicon Materials, Elkem Foundry Products, Elkem Carbon and Elkem Solar for a total price to $ 2 billion.
Bluestar is a large chemical manufacturer with total sales in 2010 reached USD 6 billion. ChemChina has 80 percent stocks and 20 percent owned by private equity firm Blakcstone Group. This acquisition adds a long list of successful acquisitions made after previous Bluestar acquired Adisseo, Rhodia's Silicones and an Australian company named Qenos.
With this acquisition of Elkem will be an important part of the Bluestar operation and the increasing competitiveness in the silicon industry. One of the units, which own many of Elkem Solar is known as a provider of efficient and environmentally friendly technology in solar-grade silicon.
In this transaction Bluestar appointed Royal Bank of Scotland as an adviser and Orkla appoint Moelis & Company as their adviser.
Bluestar is a large chemical manufacturer with total sales in 2010 reached USD 6 billion. ChemChina has 80 percent stocks and 20 percent owned by private equity firm Blakcstone Group. This acquisition adds a long list of successful acquisitions made after previous Bluestar acquired Adisseo, Rhodia's Silicones and an Australian company named Qenos.
With this acquisition of Elkem will be an important part of the Bluestar operation and the increasing competitiveness in the silicon industry. One of the units, which own many of Elkem Solar is known as a provider of efficient and environmentally friendly technology in solar-grade silicon.
In this transaction Bluestar appointed Royal Bank of Scotland as an adviser and Orkla appoint Moelis & Company as their adviser.
05.24
Prudential to invest over $ 500 Million in Buyout Fund China. Prudential Financial said that they would invest $ 500 million in a buyout fund that is controlled by a conglomerate that is Fosun Group in China. This investment along with the start dibukannya opportunities for foreign companies to do private equity transactions in the country. Steps such investment was previously started by Carlyle Group and Blackstone Group in 2010. This investment cooperation as well as giving an indication that the market and China's economic prospects in the future will remain strong and grow.
Fosun Group is a conglomerate group in China that have been set up in 1994 by four graduates of Fudan university. Fosun success starts from the sale of their apartment in 1999 at the time they are able to sell 8 units in 2 hours and get foreign buyers even when the building was not yet completed. Since then, this group continues to spread to various industries especially the pharmaceutical industry, property, financial services and strategic investment. In 2007, their main business is based Fosun International's entry into Hong Kong and listed on the stock Hang Seng.
Fosun Group is a conglomerate group in China that have been set up in 1994 by four graduates of Fudan university. Fosun success starts from the sale of their apartment in 1999 at the time they are able to sell 8 units in 2 hours and get foreign buyers even when the building was not yet completed. Since then, this group continues to spread to various industries especially the pharmaceutical industry, property, financial services and strategic investment. In 2007, their main business is based Fosun International's entry into Hong Kong and listed on the stock Hang Seng.
