MIC, CP Group eye $1-B capital via equity fund

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The story "MIC, CP Group eye $1-B capital via equity fund" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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MIC, CP Group eye $1-B capital via equity fund - Business Mirror

Quick Summary:

STATE-RUN Maharlika Investment Corporation (MIC) and Charoen Pokphand Group Co., Ltd.(CP Group) are looking to establish a private equity fund to raise up to $1 billion (roughly P58 billion) in capital.

The MIC is the sole vehicle for mobilizing and utilizing the MIF for investments in transactions aimed at generating optimal returns on investments.

CP Group, founded in 1921, is one of Asia’s largest multinational conglomerates with operations in more than 30 countries with a focus on agriculture, food production and retail.