Britain’s finance minister Jeremy Hunt said he would explore options for a NatWest share offer to the public in the next 12 months, to allow the government to reduce its stake in the bank. The government has been...
Italy raises $1 bln from Monte dei Paschi’s 25% stake sale
Italy on Monday sold a 25% stake in bailed-out Monte dei Paschi di Siena (MPS), raising 920 million euros ($1 billion) and advancing plans to re-privatise the world’s oldest bank two years after a failed first...
Radiance mandates Rothschild to sell platform
Eversource Capital-backed Radiance Renewables Pvt. Ltd has mandated Rothschild & Co. for the sale of the platform that serves commercial and industrial (C&I) customers in a deal having a potential equity value...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
Second proxy advisor backs Brookfield’s $10.5 bln bid for Origin Energy
Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada’s Brookfield, despite opposition from the target’s...
Law firms Pillsbury and Stroock end discussions over possible merger
Law firms Pillsbury Winthrop Shaw Pittman and Stroock & Stroock & Lavan said on Thursday that they have ended discussions about a possible merger. Pillsbury said in a statement that it considered options...
Choice Hotels asks Wyndham to engage in merger talks
Choice Hotels said that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks. This comes about a week after Wyndham rejected Choice’s $7.8 billion acquisition...
Brookfield and Antin eye bids for Germany’s Techem – sources
Brookfield Infrastructure Partners and Antin Infrastructure Partners are among several bidders vying for a stake in German metering firm Techem, four people familiar with the matter told Reuters. Private equity fund...
Wyndham rejects Choice Hotels’ $7.8 billion takeover bid
U.S. budget hotel operator Wyndham Hotels and Resorts on Tuesday rejected rival Choice Hotels’ $7.8 billion cash-and-stock acquisition offer, calling it “underwhelming” and citing regulatory risks...
Australia’s Westpac fails to sell pacific banking business
Australian lender Westpac said it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems. The company has been trying to leave the pacific...
Sterlite Technologies to Demerge its Global Services Business
The Board of Directors of Sterlite Technologies Limited (“STL”) at its meeting held on May 17, 2023 has considered and approved a Scheme of Arrangement (“Scheme”) between Sterlite Technologies Limited (the “Demerged...
Three private equity groups in race to buy out Adani Capital
Private equity groups Bain Capital, Carlyle Group and Cerberus Capital Management are set to make binding bids in the next few weeks to buy out Gautam Adani’s six-year-old shadow bank, Adani Capital, as the billionaire...