Catherine Badour
Saudi budget airline Flynas, part owned by Saudi billionaire Prince Alwaleed Bin Talal’s firm, is pressing ahead with an initial public offering and has selected Morgan Stanley (MS.N) to work on it, sources told Reuters.
Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising bonanza, Reuters reported.
Australia-listed James Hardie Industries Plc (JHX.AX) said on Wednesday it would buy the German holding company of fiber gypsum board maker Fermacell GmbH from Xella International SA in a deal worth 473 million euros ($548 million).
Singapore sovereign wealth fund GIC will invest $200 million in the upcoming $2.2 billion initial public offering (IPO) of ContourGlobal (IPO-CON.L), a source told Reuters.
The majority shareholder of OneMain Holdings (OMF.N) said on Tuesday it would divest part of its stake through an accelerated share sale, following the abandonment of the sale process for all of the subprime lender, Reuters reported.
Buyout group Providence is preparing German home shopping TV network HSE24 for a potential sale or stock market flotation next year, Reuters reported.
William Ackman got what Automatic Data Processing Inc’s (ADP.O) chief executive called an “ass-whipping” on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company’s board, Reuters reported.
An IPO for China Literature (0772.HK), Tencent Holdings’ online publishing arm, has raised $1.1 billion with the retail portion gathering demand that was 625 times the number of shares on offer, setting the stage for a sterling debut on Wednesday, Reuters reported.
The board of the owner of Nykredit, Denmark’s largest mortgage lender, has agreed with five Danish pension funds to sell a 10.9 percent stake in Nykredit for 7.5 billion Danish crowns ($1.17 billion) instead of seeking an initial public offer, Reuters reported.
Goldman Sachs (GS.N) is partnering with sovereign fund China Investment Corp (CIC) to jointly launch an up to $5 billion fund to invest in U.S. manufacturers, sources told Reuters.