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17.11.25 - 02:12
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KKR Provides $750 Million Bespoke Financing Solution to Chandra Asri Group (Business Wire)
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Financing will support the acquisition of ExxonMobil's Esso retail fuel station network in SingaporeSINGAPORE--(BUSINESS WIRE)--KKR, a leading global investment firm, and Chandra Asri Group (or the “Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by KKR's private credit and insurance platforms to Chandra Asri Group. The investment will support the Group's growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.
Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets. In 2024, the Group embarked on a strategic transformation ...
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11.11.25 - 14:31
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SoftBank Dumps Entire Nvidia Stake To Double-Down On ′Core AI Enablers′ (ZeroHedge)
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SoftBank Dumps Entire Nvidia Stake To Double-Down On 'Core AI Enablers'
In another warning sign for the AI bubble, one we've been tracking closely, from the accelerating AI-linked debt binge and widening Oracle CDS spreads to repeated cautions from BofA's Michael Hartnett and others - yet another red flag emerged Tuesday morning.
Masayoshi Son's SoftBank Group cashed out its $5.83 billion stake in Nvidia in October and is now raising capital for new AI investments across data centers, robotics, and chip manufacturing. The sale underscores Son's core strategy - buy low, sell high - while positioning SoftBank as a major funder across the global AI ecosystem.
CFO Yoshimitsu Goto told reporters earlier that the sale of its Nvidia stake was part of SoftBank's cycle of "divesting and reinvesting," describing it as the company's "fate" to continually reallocate capital.
"Our investment in OpenAI is significant, so we plan to use some existing assets to help ...
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