Australia: Biotech firm Starpharma sells crop chemical business to Agrium for $26m

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Australian biotech firm Starpharma Holdings has sold its agro-chemicals unit to Agrium, a major player in the farm products space. The transaction – which was done in cash – was valued at A$35 million ($26.4 million). The business will now be operated by Agrium’s subsidiary, Loveland Products Inc, according to… Read more »

Genstar-backed Blue Star Sports acquires SportsTG

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Acquisition increases Blue Star Sports’ user base to more than 40 million globally.


India: Wipro picks 26% stake in IT consulting firm Drivestream

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India’s third largest software services firm Wipro is acquiring 26 per cent stake in IT consulting firm Drivestream for a consideration of nearly Rs 5.2 crore ($809,690), it announced on Tuesday. The deal will see Wipro acquiring 19,679 preferred stock and 27,865 common stock, equating to 26.1 per cent of… Read more »


India: Cognizant acquires US-based HCSC’s subsidiary TMG Health

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IT firm Cognizant on Tuesday announced that it has entered into a definitive agreement to purchase Health Care Service Corporation’s (HCSC) subsidiary TMG Health. Financial details of the deal were, however, not disclosed. As part of the deal, TMG Health will enter into a new, expanded multi-year service agreement to… Read more »


Singapore Digest: Weir buys out KOP; PropNex, DWG merge to form largest SG realty agency

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KOP acquisition marks Weir’s entry into Asia.


Singapore-based clean energy firm Equis to sell India portfolio

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The sell-off plan is part of Equis’ strategic review of Asia portfolio.


India: Sebi may ease listing norms for firms majority-owned by PE, VC funds

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They can now list without majority shareholders being classified as promoters.


China: Pig farmer Guangdong Wen’s to pick up stake in COFCO Capital

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To invest $117-147 million in COFCO Capital.


Misappropriated 1MDB funds helped finance $2.2b Coastal Energy acquisition in the US

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The US government made the allegation in a lawsuit filed last week.


Philippines: Maynilad Water inks $217.9m debt deal with JICA, Japanese banks

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First time JICA is lending directly to a private firm in the Philippines and to the water sector.