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).
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip