Catherine Badour
Japan’s Fujitsu Ltd said on Friday it was in talks about selling its mobile phone business to investment fund Polaris Capital Group, becoming the latest Japanese electronics maker to withdraw from the sector.
Wall Street investment bank Goldman Sachs Group Inc, Britain’s Barclays Plc and French lender Societe Generale SA are interested in buying the Equities, Markets and Commodities (EMC) division of Germany’s Commerzbank AG, Handelsblatt reported on Thursday.
Singapore-listed ESR-REIT and rival Viva Industrial Trust are in advanced merger talks aimed at boosting scale for both companies in a tough operating environment for the industry, sources told Reuters.
China’s HNA Group has reached a deal to sell a building in Sydney to Blackstone Group for about $161 million, sources told Reuters, as the embattled company divests some holdings and seeks new funding.
South Korea’s retailers Shinsegae and E-Mart said they were set to gain $940 million from private equity firms, hoping to capitalize on a surge in online grocery shopping and other e-commerce in one of the world’s most wired countries.
Norway’s $1.1 trillion sovereign wealth fund and real estate firm Prologis Inc. (PLD.N) have sold 27 logistics properties from their joint U.S. portfolio to a unit of Blackstone (BX.N), the fund said in a statement on Thursday.
Chinese e-commerce and technology company Alibaba Group Holding Ltd and U.S. grocer Kroger Co have had early discussions on working together, including a meeting in which U.S. executives traveled to China, Reuters reported.
French plastics maker Novares will re-launch its initial public offering (IPO) on the Paris stock exchange (ENX.PA) in the coming days or weeks after postponing it last November, sources told Reuters.
French furniture chain Conforama, which is a unit of troubled South African group Steinhoff, said it had reached agreement with Tikehau Capital for a financing line of 115 million euros ($141.9 million) over three years.
Toys “R” Us Inc said on Tuesday it will shut about one-fifth of its stores in the United States in the coming months, as the toy store chain tries to emerge from one of the largest ever bankruptcies by a specialty retailer, Reuters reported.