Indian online travel agent MakeMyTrip has agreed to merge with rival booking portal ibibo Group, which is backed by South African internet conglomerate Naspers Group and China's Tencent Holdings, in an all-stock deal.
MakeMyTrip will issue new shares to Naspers and Tencent's jointly-owned holding company in exchange for 100% of ibibo, according to a release. Closing is expected by the end of December, subject to shareholder...
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the government of Abu Dhabi, has announced plans to open an office in Hong Kong.
Vincent Ip, a Hong Kong-based partner with Ropes & Gray’s private investment funds group, has been promoted to partner.
CDH Investments has made another partial exit from Chinese pork producer WH Group, selling an approximately 6.83% stake for HK$6.25 billion ($806 million).
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $100 million investment in Actis Capital's latest emerging markets energy fund.