Mergers and acquisitions in Vietnam’s banking sector are anticipated to be more vibrant as more lenders look to increase the foreign ownership limit and enhance their footprint in weak banks’ restructuring process.
Rechargeable battery shares in Korea are continuing the slide, hit by global supply shortage. In addition to the companies that produce completed batteries, cor
IGIS Asset and Hana Financial Help Recap Fannie Mae HQ
Posted on 05/16/2021
On April 27, 2021, South Korea’s IGIS Asset Management Co., Ltd and Hana Financial Investment Co., Ltd. purchased a 49% stake in the headquarters of the U.S. mortgage lender Fannie Mae for 250,000,000,000 KRW. Both IGIS and Hana bought the stake in the two-building Midtown Center in Washington D.C. from Carr Properties. The U.S. real estate investment firm holds the remaining interest in the 868,834-square-foot property. The building is built on the former site of the headquarters of The Washington Post.
JLL Capital Markets (part of Jones Lang LaSalle) arranged the capitalization.