KKR Completes Purchase of A Majority Interest in Vini Cosmetics midfloridanewspapers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from midfloridanewspapers.com Daily Mail and Mail on Sunday newspapers.
MUMBAI, India (BUSINESS WIRE) Jul 5, 2021
KKR, a global investment firm, today announced the signing of definitive agreements under which KKR will acquire Global Infrastructure Partnersâ (âGIPâ) entire interest in Highway Concessions One (âHC1â) and seven highway assets with a total length of 487 kilometers. HC1 is a platform in India that manages GIPâs road portfolio which spans across seven states including Gujarat, Karnataka, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana.
Through the acquisition of GIPâs interest in HC1, KKR aims to help strengthen and expand Indiaâs national highway network, which serves about 40% of total traffic but accounts for only 2% of the countryâs road network. This latest infrastructure investment is also in line with the governmentâs focus on improving connectivity between cities, with the National Highways Authority of India planning to build 60,000 kilometers of highway in the next
Press release content from Business Wire. The AP news staff was not involved in its creation.
Philippines’ Voyager Innovations Secures US$167 M for PayMaya Expansion Into Financial Services, Digital Banking
June 28, 2021 GMT
MANILA, Philippines (BUSINESS WIRE) Jun 28, 2021
Voyager Innovations (“Voyager” or the “Company”), the leading technology company in the Philippines, announced that it raised US$167 million to fast-track financial inclusion in the Philippines through its financial technology arm, PayMaya Philippines (“PayMaya”).
Participating in the funding were existing shareholders PLDT Inc. (“PLDT”) (NYSE: PHI) (PSE: TEL), the Philippines’ largest integrated telecommunications company and leading digital services provider; KKR, a global investment firm; and Tencent, a leading technology company in China. Voyager welcomed IFC Financial Institutions Growth Fund, a fund managed by the IFC Asset Management Company (“IFC AMC”), as a new investor. IFC A