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EGA signs agreement on Guinea bauxite services

Abu Dhabi / WAM Emirates Global Aluminium (EGA) signed a 15-year agreement with LD Ports and Logistics on Sunday, a subsidiary of Louis Dreyfus Armateurs, for the trans-shipment of bauxite in the Republic of Guinea. Also, Louis Dreyfus Armateurs and Abu Dhabi Ports separately signed an agreement to form a joint venture company to work together to carry out the ...

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TPG, Carlyle lead over $1.9bn round in Baidu’s finance arm

Bloomberg Baidu Inc. has raised more than $1.9 billion for its newly spun-off financial services division from TPG, Carlyle Group and other investors, creating one of China’s best-funded fintech companies. Taikang Group and other backers also joined the funding round for the newly formed company, which will be called “Du Xiaoman Financial” and use artificial intelligence to provide short-term loans ...

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China’s troubled HNA in talks to sell US property

Bloomberg Less than a year after HNA Group Co. paid $2.21 billion for 245 Park Ave. — a purchase that raised eyebrows for its near-record price — the troubled Chinese conglomerate is in talks to sell the Manhattan office tower. SL Green Realty Corp., a lender to 245 Park, is in discussions with HNA to purchase the building, according to ...

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