Catherine Badour
Walmart Inc (WMT.N) is in talks to buy a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc (AMZN.O) in Asia’s third-largest economy, sources told Reuters.
Thomson Reuters Corp (TRI.TO) (TRI.N) Chairman David Thomson urged the company’s board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP (BX.N), the Wall Street Journal reported on Thursday, citing people close to the deal.
The Russian Direct Investment Fund (RDIF) has pledged to set up a “significant” pool of investors for the potential $100 billion initial public offering (IPO) by Saudi Arabian state oil major Aramco, it said on Thursday.
UK-based Tyne and Wear Pension Fund has chosen alternative investment managers Pemberton Capital Advisers and HPS Investment Partners to manage its 260 million pound commitment to private debt, Reuters reported.
More banks are poised to join a $14 billion financing backing US private equity firm Blackstone Group’s acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp, banking sources said on Wednesday.
The majority owner of Britain’s Sky Bet, CVC, has chosen investment banks Citi (C.N), Goldman Sachs (GS.N) and Barclays (BARC.L) to lead an initial public offering of the online betting company, sources told Reuters.
China’s state-controlled drugmaker Harbin Pharmaceutical Group Holding Co (600664.SS) will buy an about 40 percent stake in U.S. nutritional supplements retailer GNC Holdings Inc (GNC.N) for $300 million and are in talks for a joint venture in China, the companies said.
Turkish private equity fund Actera is planning an initial public offering for auto parts maker Standard Profil and has mandated JP Morgan for a listing that may take place in London, sources told Reuters.
Danish telecoms company TDC (TDC.CO) urged investors on Monday to back a $6.7 billion cash offer from Australia’s Macquarie (MQG.AX) and three Danish pension funds who promised to invest in the country’s digital infrastructure, Reuters reported.
U.S. business software company BMC Software Inc [BSII.UL] is holding conversations with investment banks about an initial public offering (IPO) that could value it at more than $10 billion, including debt, sources told Reuters.