Och-Ziff, the $30-billion New York-based hedge fund, has frozen secondary market stock investments in India due to soaring compliance costs and muddled tax policies, four people familiar with the development said.
Washington, D.C.-based Carlyle may be working to convince other shareholders at the bank to add their stakes to the sale in order to offer a controlling stake to buyers, the sources said.
Phil Jones, chairman and chief executive of Hemiphon, is in no doubt as to why the workforce management company has listed on the Frankfurt Stock Exchange, putting it down to “speed to market and cost”.
Rabobank, which initially owned nearly 16 percent of Yes Bank, sold about an 11 percent stake for about $213 million in June 2010.
Through this relationship Matthews' Asia Dividend, Pacific Tiger (Asia ex-Japan), China, India and China Small Companies Funds are now accessible to Allfunds Bank's large network of clients.
After flagging the move in December, IAG says its Malaysian joint-venture business, AmG Insurance, has entered into a conditional agreement to acquire Kurnia.