They did not specify the size of the investment, but said private equity firm CVC Capital partners will substantially exit its stake in GEMS as part of the deal, five years after it acquired a 30% holding in the company. Other investors in the consortium include Gulf Islamic Investments, Marathon Asset Management, and the State Oil Fund of the Republic of Azerbaijan (SOFAZ). GEMS also said it secured financing from a consortium of UAE banks to fund the repayment of its existing financial arrangements.
Amidst a shifting economic landscape marked by moderating inflation and central bank policies, the Canadian market presents unique opportunities for investors. As the Bank of Canada embarks on a potential rate-cutting cycle, understanding which stocks are undervalued becomes particularly crucial in leveraging these evolving market conditions.
First dedicated fund introduced for transition investing in emerging markets $1 billion committed by UAE-backed ALTÉRRA CTF first close expected by the end of 2024 BROOKFIELD, NEWS, June 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Alterra Management Limited announced today the launch of the Catalytic Transition Fund (“CTF” or “the Fund”) focused on directing capital into clean energy and transition assets in emerging economies. With the urgen