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Banks kick start $2.9bn bond sale for Worldpay buyout. (FS)
?Alibaba announces plans to invest $2bn in Turkey.
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TGS, a scientific data and intelligence provider to companies active in the energy sector, agreed to merge with PGS, a technologically focused oilfield service company, in a $2.6bn deal.
"We are excited to announce a merger with PGS, completing a major milestone of building a fully integrated and robust global energy data provider. Our clients will benefit from scale, a unique technology portfolio and premier service quality. Bringing together two distinct, yet complementary, companies positions us even better for a continued upcycle in the energy sector", Kristian Johansen, TGS Chief Executive Officer.
PGS is advised by Pareto Securities and BAHR. TGS is advised by SpareBank 1 Markets and Schjodt.
Sezar Group, a real estate development company, agreed to acquire Mondi Syktyvkar, a packaging paper manufacturing facility in Syktyvkar, Russia, from Mondi, a pulp and paper company, for $826m.
Mondi Syktyvkar is a wholly owned integrated pulp, packaging paper and uncoated fine paper mill located in Syktyvkar. The Business employs approximately 4.5k people and is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.
Mondi is advised by Rothschild & Co (led by John Deans and Neil Thwaites) and FTI Consulting (led by Richard Mountain).
KKR, a global investment firm, agreed to acquire a 20% stake in the regional data centre business of Singtel, a communications technology group, for $800m.
"We are pleased to provide this tailored solution to support the regional data centre platform of Singtel, one of the most longstanding and distinguished corporations in Singapore and a leading digital infrastructure provider in Asia Pacific. Robust digital infrastructure, including high-quality data centres, will play a crucial role in enabling Southeast Asia's flourishing digital economy, and Singapore is well-placed to serve as a central hub for the region. We look forward to working closely with Bill, Arthur and Singtel's talented team to meet this tremendous demand, and sharing our global expertise and network to accelerate the platform's growth across the region," David Luboff, KKR Partner and Head of Asia Pacific Infrastructure.
Banks kick start $2.9bn bond sale for Worldpay buyout. (FS)
Banks including Goldman Sachs and JP Morgan kicked off the sale of $2.9bn of bonds to fund GTCR's purchase of a majority stake in payment processor Worldpay, a key test of investor appetite for risky debt to finance leveraged buyouts, Bloomberg reported.
The sale is split across two tranches of $2bn and $866m and follows the launch last week of a $5.5bn package of leveraged loans in dollars and euros.
Alibaba announces plans to invest $2bn in Turkey.
Chinese e-commerce giant Alibaba has told Turkish President Tayyip Erdogan it plans to invest $2bn in Turkey,?DealStreetAsia?reported.
Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan. It did not specify when the investment would be made.
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