Catherine Badour
Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as C$1 billion ($778 million) in an initial public offering that could be filed as early as the first quarter, people familiar with the situation told Reuters on Wednesday.
Spain’s BBVA (BBVA.MC) said on Wednesday it had agreed to sell 80 percent of its real estate business to U.S. fund Cerberus for 4 billion euros ($5 billion), showing how investor enthusiasm for Spanish property is reviving.
Private equity firms Apollo (APO.N), KKR (KKR.N) and CVC Capital Partners [CVC.UL] are the final three parties left bidding for Unilever’s (ULVR.L) (UNc.AS) margarine and spreads business, sources told Reuters, as the process moves towards its final round.
Hong Kong’s Link Real Estate Investment Trust has agreed to sell some of its property assets to a consortium led by private-equity firm Gaw Capital Partners for HK$23 billion ($2.95 billion), sending its shares to a record high, Reuters reported.
Vietnam will kick off next month the sale of a majority stake in Sabeco SAB.HM, the country’s biggest brewer and maker of the Bia Saigon and 333 beer brands, in an ambitious deal the government hopes will rake in at least $5 billion, Reuters reported.
Virtual currency bitcoin soared to an all-time high above $10,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp, Reuters reported.
Uber Technologies Inc’s [UBER.UL] quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles and faces regulatory scrutiny across the globe, Reuters reported.
Private equity firm Abraaj Group has bought from Dubai Holdings’ telecoms arm its 35 percent stake in state-controlled Tunisie Telecom, a Tunisian minister said on Monday.
NIO Capital, an investment firm founded by leading Chinese electric vehicle maker NIO, is in talks with prospective investors to raise up to $500 million in a dollar fund aimed at the country’s auto sector, sources told Reuters.
Private equity group Sun Capital has attracted final bids from several of its peers for French packaging group Albea, which could be valued at more than $1.5 billion in a second attempt at a sale, sources told Reuters.