Tag : stake

Carlyle to become largest shareholder in Global Credit Ratings

International Finance DeskJanuary 19, 2017

by International Finance DeskJanuary 19, 2017

The transaction with the South African company is expected to close in early 2017 January 19, 2017: Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced on January 16 that it has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Ratings (GCR) from the management, founders and German...

Business Leaders

‘Lazada and Alibaba partnership will bring significant synergies’

International Finance DeskJune 6, 2016

by International Finance DeskJune 6, 2016

Giovanni Puglisi Interview with Riccardo Basile, Chief Commercial Officer of Lazada Group June 6, 2016: Lazada is Southeast Asia’s undisputed retail giant. However, data by Rocket Internet, the Germany-based company behind Lazada, reveals that despite strong revenues, the e-commerce giant has struggled to generate profit. The company’s latest financial results show €275 million in revenue...