Catherine Badour
Cargo freight services provider World Freight Company International (WFCI) is shopping for a buyer in a deal that could be worth over 600 million euro (525.14 million pounds), sources told Reuters.
Norwegian telecoms firm Telenor (TEL.OL) has agreed to sell its businesses in central and eastern Europe to Czech billionaire Petr Kellner’s investment firm PPF Group for 2.8 billion euros ($3.4 billion), Reuters reported.
Deutsche Bank (DBKGn.DE) has narrowed the price range of the initial public offering of its asset management unit, DWS, meaning it will raise less than the 2 billion euros ($2.5 billion) the lender had originally hoped for, Reuters reported.
Goldman Sachs (GS.N) and the Wellcome Trust [WELLTF.UL] charity have made a joint bid to buy the commercial property portfolio of Britain’s Network Rail [NETRAH.UL], a spokeswoman for the Wellcome Trust said.
U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy and was ending all non-disclosure agreements that may have silenced some women, Reuters reported.
Caisse de depot et placement du Quebec (CDPQ), one of Canada’s biggest public pension funds, has relied on private equity firms to invest in leveraged corporate buyouts. Now it is building its own investing team to depend less on buyout firms as middle men, Reuters reported.
Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic, Reuters reported.
Swiss packaging maker SIG Combibloc is preparing an autumn stock market listing in Zurich that could value it at about 4.5 billion euros ($5.5 billion), sources told Reuters.
Abu Dhabi state investor Mubadala Investment Company [MUDEV.UL] is considering a partial or total sale of Spanish oil and gas company Cepsa and would use proceeds for expansion, a Mubadala spokesman told Reuters on Friday.
Nippon Steel & Sumitomo Metal Corp (5401.T) on Thursday said it will buy Sweden’s Ovako which makes specialty steel used in industries including wind power generation and robotics, a move that gives Japan’s biggest steelmaker a manufacturing base in Europe.