Update on Prudential plc Board Appointments
Jackson Financial Inc. ( Jackson ), the US business of Prudential plc ( Prudential ), today announces additional independent directors ahead of its planned separation from Prudential. These appointments to the Jackson Board of Directors (the Jackson Board ) are expected to become effective upon completion of the proposed demerger.
At that time, the Jackson Board will include Non-Executive Chair Steven Kandarian and Jackson Chief Executive Officer Laura Prieskorn, who will serve as an executive director. The additional independent directors include:
· Gregory T. Durant: Durant currently serves as Vice Chairman of Deloitte LLP, where during his career, among other responsibilities, he oversaw Deloitte s policy and government relations efforts to navigate the impact of public policies on the profession, the capital markets and the economy.
Selling around $3 billion in convertible bonds To fund R&D for autonomous vehicle, drone deliveries
HONG KONG, April 19 (Reuters) - Chinese food delivery giant
Meituan launched a deal on Monday to raise up to $10
billion in shares and convertible bonds to help fund the
research and development of autonomous vehicle and drone
delivery services.
Meituan, whose services also include restaurant reviews and
bike sharing, will raise $7 billion in the equity sale and sell
$3 billion in convertible bonds, according to a term sheet seen
by Reuters.
The company declined to comment.
Meituan s move comes as China s tech giants face increasing
regulation due to concerns they have grown too rapidly, built
UPDATE 2-China s Meituan raising $10 billion to bolster technology research reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
KKR eyes YIDO for another eco-friendly investment here
Posted : 2021-04-08 15:27
By Park Jae-hyuk
KKR is in talks with YIDO to acquire around a 50 percent stake in the Korean property management company for around 200 billion won ($180 million), according to industry sources and media reports, Thursday.
Considering that YIDO has been focusing on the waste management sector lately, the latest negotiation is interpreted as part of KKR s efforts to increase environmental investments here.
Last year, the global private equity firm (PEF) became the second-largest shareholder of TSK by taking over a 37.39 percent stake in the local sewage management firm for 440 billion won from SK E&C, Huvis and SK Discovery. This deal was signed a few months after KKR acquired controlling stakes in Eco Solution Group and its affiliate, ESG Cheongwon, for around 800 billion won from Anchor Equity Partners.
Through Asian Fund IV, KKR would plan to pursue opportunities stemming from rising consumption and urbanization trends, as well as corporate carve-outs, spin-offs, and consolidation as companies look to optimize their portfolios, a strategy led by a team of approximately 70 investment professionals based in eight offices across six major Asia Pacific markets.
Earlier this year, KKR announced the final closings of its inaugural pan-regional infrastructure and real estate funds – the US$3.9 billion Asia Pacific Infrastructure Investors fund and US$1.7 billion Asia Real Estate Partners fund.
“The opportunity for private equity investment across Asia Pacific is phenomenal. While each market is unique, the long-term fundamentals underpinning the region’s growth are consistent – the demand for consumption upgrades, a fast-growing middle class, rising urbanization, and technological disruption.