The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
Corporations
Boral's shares surge after announcing joint venture
The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
PDVSA and Repsol in talks for Venezual venture funding
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
Boral and USG Corp announces joint venture
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
Rice Energy prepares for IPO
Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.
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GI Partners' Datacore LP acquires Regent Commons, a property with LEED certification located near the Dallas Fort Worth International Airport.
OB10 is sold to Tungsten Corp for GBP100 million. The direct investment arm of the Fleming Family & Partners, FF&P Private Equity, had announced the sale of OB10 to Tungsten Corp for the sum of GBP100 million.
Former Deutsche Bank corporate finance executive Alexandre Ness joins Investec Specialist Bank. Investec Specialist Bank announced today the appointment of Alexandre Ness to its corporate lending business unit.
The staff of Royal Mail Group Ltd. had voted to go on strike after less than a week the company had launched its IPO, claiming the public debut would put jobs at risk in the company.
Dutch cable company Ziggo had rejected the preliminary takeover offer from Liberty Global Plc saying that the bid was inadequate, reported Bloomberg.
The consortium comprising of Indian Oil, ONGC Videsh and Oil India, as well as Repsol SA, would not be exercising the right of pre-emption of the vacated shares in the oil project previously owned by Petronas of Malaysia.
The sale of GE Money Bank was a move from General Electric to retreat from the finance sector that would value the company up toCHF1.53 billion, said a report from Reuters.
Kenyan retailer Naivas said that it had ended its talks with Massmart, a Wal-Mart Stores Inc. subsidiary in East Africa.
500 Startups said in its recent US Securities and Exchange Commission filing that it would raise USD100 million to increase its investment in early-stage startups and put additional investment in startups it had already supported.
