Canyon Bridge to file Lattice deal for CFIUS review for 3rd time
The Dollar Business Bureau China-backed buyout fund, Canyon Bridge Capital Partners LLC , which agreed to buy American manufacturing firm Lattice Semiconductor Corp for $1.3 billion in November, will submit the pact for review with the US for the third time, reported a leading international news agency on Sunday, citing sources familiar with the matter. The step comes as Canyon Bridge is seeking to get the approval for the deal from the Committee on Foreign Investment in the US (CFIUS), a government board that assess corporate acquisitions for possible national security risks. The standard review by CFIUS takes around 75 days. The deal was submitted by Canyon Bridge for review in January and again in March. The refilling for CFIUS review resets the ...
World Bank, AIIB sanctions Rs 6,325 crore loan for Pune metro project
The Dollar Business Bureau The World Bank and the Asian Infrastructure Investments Bank (AIIB) have sanctioned a loan of Rs.6,325.50 crore for the construction of stagnant Pune metro rail project. The loan will be taken by the Special Purpose Vehicle (SPV) for Pune metro, while the central government will provide sovereign guarantee for the transaction. The announced loan would be co-financed by the Word Bank and the AIIB. The amount will be split in two-three smaller tranches. Following announcements from the World Bank and China-led AIIB Bank, the government has given its approval for loan assistance of Rs.6,325.50 crore for the first phase of Pune metro rail project. The repayment of the loan would be borne by the SPV. The repayment will be ...
India likely to hold second largest stake in AIIB
The Dollar Business Bureau India is likely to be the second largest shareholder of the Asian Infrastructure Investment Bank (AIIB), while China’s share stands above that of India’s, in the bank intended for infrastructure development in the Asia region. An information in this regard was said to have been given by the delegates attending a meeting of the AIIB's founding members in Singapore, on Friday. While China’s share is expected to be between 25-30%, India’s share is likely to be around 10-15% in the USD$ 100 billion lender aimed at the infrastructure development in the Asian region, informed the delegates, according to the reports. Of the total 57 countries those have joined as the founding members of the AIIB, the ...
