Catherine Badour
Belgian investor Core Equity has dropped its interest in a takeover of Hema, one of the largest retail chains in the Netherlands, the De Telegraaf newspaper reported on Wednesday.
Dubai-based private equity firm Abraaj said on Monday its secured creditors are expected to “imminently conclude” a standstill on its debt obligations, Reuters reported.
Scandinavian payments group Nets is planning to merge with German peer Concardis in a roughly $6 billion transaction, adding to a string of deals in the rapidly consolidating industry, Reuters reported.
Private equity firm KKR & Co LP (KKR.N) wants to buy divisions from Japanese companies seeking to streamline their businesses in the world’s third-largest economy, co-Chief Executive Henry Kravis said on Friday.
China’s Pengxin International Mining Co Ltd (600490.SS) is in advanced talks to buy Indonesian gold and silver mine Martabe from a consortium led by EMR Capital, for about $1.5 billion, the Wall Street Journal reported on Friday, citing sources.
Japan’s Toshiba Corp said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.
Australia’s Sino Gas & Energy Holdings Ltd (SEH.AX) agreed on Wednesday to a A$530 million ($401 million) takeover offer from U.S. private equity firm Lone Star, saying the risks the company faces in China justified putting the bid to a vote, Reuters reported.
Deutsche Bank (DBKGn.DE) is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a row over alleged misuse of investor money, sources told Reuters.
U.S. regulators are set to rewrite rules reining in banks’ risky trading behavior, making changes that will cut compliance costs but stopping far short of allowing firms to return to their gambling days seen before the 2007-2009 global financial crisis, Reuters reported.
Global energy trader Vitol [VITOLV.UL] and its partners plan to float their Australian Viva Energy business, potentially worth nearly A$5 billion ($3.8 billion), in July, sources told Reuters.