Catherine Badour
Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources told Reuters, in one of the largest infrastructure deals expected to come to market in 2018.
Three groups have submitted final bids for Finnish power company Elenia Oy, including China Southern Power Grid, Macquarie and Allianz and a consortium of infrastructure and pension investors, sources told Reuters.
The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the suggested price range, sources told Reuters.
Ardian has agreed to sell its stake in infrastructure assets to existing shareholder pension fund APG, in a deal which values the entire portfolio at more than 1 billion euros ($1.2 billion) the private equity firm told Reuters.
A Blackstone real estate fund is buying a 10 percent stake in Logicor Ltd (IPO-LOG.L) just months after selling the European warehouse firm to a Chinese sovereign wealth fund, a source told Reuters.
Belgium-based chemicals distribution group Azelis is considering a 2018 stock market listing as its private equity owner seeks to benefit from high sector valuations, sources told Reuters.
GGP Inc (GGP.N), one of the largest owners and operators of U.S. shopping centers, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP (BPY.O), sources told Reuters.
Italy’s Investindustrial is not in talks to increase its stake in Aston Martin and no decision has been taken on a possible stock market listing for the British carmaker, the private equity group said, denying an earlier newspaper report.
Eurazeo is in exclusive talks with French investment group IDI to take a 51 pct stake in mid-cap private equity firm Idinvest, Les Echos reported on Monday.
A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit sale to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.