A handful of Korea's institutional investors, including Hanwha Life Insurance, Hyundai Marine & Fire Insurance and the Korea Scientists & Engineers Mutual Aid Association, will acquire a 4.7-percent stake in Britain's largest energy grid operator National Grid.
An increasing number of domestic institutional investors are turning their eyes toward European markets, including Britain, as the yields from investments in American real estate and infrastructure are in decline.
According to industry sources on February 16, Hanwha Life recently invested 155 million pounds (US$193.6 million) to purchase about 2.7-percent stake in National Grid's gas network business. Hyundai Fire & Marine and the Korea Scientists & Engineers Mutual Aid Association are also set to invest 30 million pounds ($37.5 million) each in National Grid.
In sum, domestic institutional investors' combined stake in National Grid is estimated at 4.7 percent worth 285 million pounds ($355.9 million). Their investment in National Grid will be made in the form of participating in a global consortium which will purchase a 61-percent stake in National Grid for 3.6 billion pounds ($4.49 billion).
South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to invest up to $160 million in a range of debts and fixed-income securities, according to the pension fund. GEPS will commit&hellip
About 300 firms from 20 countries, including the United States and China, will take part in the Cityscape Korea 2017, set for August 17 to 19, 2017 in Seoul, where 400-plus new real estate projects will be on display. Under&hellip
Hyundai Marine & Fire Insurance Co. Ltd., South Korea’s second-largest non-life insurer by assets, is considering investing in one or two additional buyout funds this year after committing $90 million to two overseas buyout funds, and it is studying makig co-investments in overseas companies around&hellip