Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in...
IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
The after-acquisition sale glide path for bidders looking to buy the Centre’s and Life Insurance Corporation (LIC) of India’s stake in IDBI Bank may be communicated to interested buyers after floating expressions of...
Rcom fails to attract buyers for non-core assets
Bankrupt telco Reliance Communications, which is undergoing insolvency proceedings, has failed to attract any buyers for its non-core assets it put on sale earlier this year. In March, the company through its appointed...
Apollo, Blackstone seek buyers for Canadian oil producer Ridgeback – sources
Apollo Global Management Inc and the credit arm of Blackstone Group Inc are looking to sell Canadian oil and gas producer Ridgeback Resources for more than C$1 billion ($765.58 million), four sources familiar with the...
Legacy Reserves seeks buyers for shale oil and gas assets – sources
Privately owned shale producer Legacy Reserves is in search of a buyer for its oil and gas assets in the Permian and Haynesville basins, two people familiar with the matter told Reuters on Friday. Legacy, which is among...
Manulife ‘constantly looking’ for buyers for Canadian variable annuity business
Manulife Financial Corp is “constantly looking” for buyers for its Canadian variable annuities business, but it has “not been a very vibrant market,” its chief executive said on Wednesday. Canada’s biggest life insurer...
Brazil’s Petrobras sells REMAN refinery, RNEST finds no buyers
Brazil’s state-run oil company Petrobras said on Wednesday it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 million to Ream Participações S.A., a subsidiary of...
Buyers circle Seadrill as it plots exit from bankruptcy: sources
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen...
Petrobras’ Albacora seen drawing at least three buyers – sources
Petrobras’ Albacora oilfields in Brazil are likely to attract at least three buyers despite a roughly one-month delay to let interested parties finalize their bids, four sources with knowledge of the matter told Reuters...
Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech
Mumbai-based Suraksha group on Wednesday received the approval of financial creditors and homebuyers to takeover debt-laden Jaypee Infratech Ltd (JIL). The 10-day-long voting process on the takeover proposals submitted...
Bundesliga shortlists buyers for partial rights sale, sources say
Germany’s top-flight soccer league has drawn up a shortlist of buyout funds, including KKR and Bridgepoint, to buy a 25% stake in its overseas broadcasting rights, people close to the matter told Reuters. European...
Hitachi narrows metals unit buyers to 2 groups, including KKR, Jiji says
Hitachi Ltd has narrowed down potential buyers of Hitachi Metals Ltd to two groups, one of which is led by private equity firm KKR & Co, Jiji Press said on Thursday. If realised, the deal is expected to be worth...