BNP Paribas Lease Group, a 100 per cent subsidiary of BNP Paribas Group, has decided to sell its entire 50 per cent stake in Srei Equipment Finance Limited (SEFL) to Srei Infrastructure Finance. In exchange, it has...
China Vanke Finds Investor Amid ‘Hostile Takeover’
China Vanke Co. said it has found a potential investor and is in talks with others as the managers of China’s biggest listed homebuilder wage a struggle for control against its largest shareholder. The company signed...
Mexico’s ICA confirms sale of stake in waste firm Proactiva
Dec 24 Mexico’s ICA said on Thursday it has sold its 49 percent stake in environmental waste firm Proactiva Medio Ambiente for up to 1.24 billion pesos ($72 million), as the construction company looks for cash...
Mexico’s ICA sells stake in waste firm for 1.2 bln pesos-sources
Dec 23 Mexico’s ICA has sold its stake in an environmental waste firm for around 1.2 billion pesos ($69.69 million), two people close to the negotiations said, as the embattled construction company scrambles for...
Greece’s Eurobank sells insurance unit to Fairfax for 316 mln euros
Greece’s third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada’s Fairfax Financial Holdings Ltd for 316 million euros ($345 million) on Tuesday...
KKR among suitors to buy Sharp’s business: Nikkei
U.S. buyout firm KKR & Co (KKR.N) is among other private equity firms which are interested in investing in Sharp Corp (6753.T), Nikkei business daily reported Saturday, without citing sources. The New York-based...
Orkla Puts Acquisitions Ahead of Extra Payouts Amid Growth
Orkla ASA is putting its expansion over extra payouts to shareholders as it sells off assets to focus on branded consumer goods. The Norwegian maker of frozen pizza, confectionery and washing detergent is seeking to...
POWER MECH PROJECTS LIMITED- Getting Ready for IPO
Incorporated in 2007, the Company is a leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators (“ETC-BTG”) and...
Lone Star enters exclusive talks with Brazil’s BTG to buy Recovery: source
Lone Star Funds on Thursday signed an agreement for exclusive talks to acquire Grupo BTG Pactual’s (BBTG11.SA) 50 percent stake in Recovery do Brasil, the biggest debt collector in Latin America, according to a...
December 2015
- IDFC Demerger : Does Breaking up Create Value - Getting Ready for IPO : Power Mech Projects Ltd. - Deal Impact : TATA Motors & JLR - Pfizer Allergan Deal : Creating a Pharma Behenouth - Legal Aspects of E-Commerce...
Hindalco, Birla Carbon to raise $2.4-bn via bonds
Aditya Birla group companies Hindalco and Birla Carbon are tapping the international markets to raise around $2.43 billion by early next year, to bring down their financing costs. Hindalco is planning to raise $1.5...
Prabhat Dairy IPO – On a Firm Footing
Initial Public Offer (IPO) is a landmark activity for any company, as it can pave the way for tremendous success in the future. It requires extensive planning like structuring, capital reorganisation, management...