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Grab raising US$856mil from Japanese

SINGAPORE: South-East Asian ride hailer Grab is raising US$706mil from Mitsubishi UFJ Financial Group Inc (MUFG) and US$150mil from Japanese IT services firm TIS Inc, as it seeks to expand aggressively into financial services.

Natixis to sell 29.5% stake in Coface

PARIS: French bank Natixis said it had agreed to sell a 29.5% stake in credit insurance company Coface to US company Arch Capital Group.