Belgium and Ageas sells off Royal Park Investments interest. Reuters wrote that in the interest of lessening its debt, Belgium sold its structured credit portfolio invested in Royal Park Investments.
Corporations
Highmark Finalizes West Penn Allegheny Buy Out
Highmark finalizes West Penn Allegheny Buy Out at US$0.875 to the dollar. Highmark Inc, one of America's largest health insurers, had announced the completion of a bondholder buyout in the amount of US$604.
Softbank Grants Waiver to Sprint for Dish Bid
Softbank, despite its standing merger agreement provisions, allows Sprint to conduct discussions with Dish.
TPG and Japan's SMBC Discussing US$1.3 Billion Stake Deal
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
Abraaj Exits Unitrio
Abraaj sells off Unitrio shareholdings to NTT Facilities. The leading investor in growth markets, the Abraaj Group, has announced today its exit from Unitrio Technology Ltd of Thailand.
Latest News
PAI Partners purchases R&R Ice Cream for Eur235 million paid through a payment in kind toggle note. PAI Partners, the private equity firm is financing its acquisition of R&R Ice Cream from its owners Oaktree.
The capital gains tax bill would be one of the issues in the buyout bid, should it happen, of Verizon for Vodafone in Verizon Wireless.
Majid Al Futtaim is discussing with the Mansour Group for the purchase of the Metro Chain and Kheir Zaman discount grocery store.
Bertelsmann to sell RTL shares from April 18 to 29 before the April 30 trading day. Bertelsmann, the media conglomerate from Germany, has tightened the price range for its placement of shares in the RTL Group between Eur54 and Eur56.
Rentokil sells City Link for a ceremonial 1 British Pound to Better Capital Investment Fund. Rentokil Initial Plc share values increased tthe highest in two years after its disposal of City Link Express delivery business.
Ista, the German metering company, will be marketing its loan bond issue worth Eur1.5 billion. The German metering company Ista International GmBH recently purchased by CVC Capital Partners has commenced marketing activities for its Eur1.
Because of an investor on the US sanction list, Singapore Exchange rejects Aussino share IPO. In a surprise decision, the Singapore Exchange rejected the application for the Sing$70 million or US$57 million reverse takeover deal of Aussino Group.
Telecom Ltd purchases Revera Ltd for NZ$96.5 million. Telecom New Zealand Ltd announced last Monday that it is acquiring Revera Ltd, a privately owned IT infrastructure and data center based in Auckland, NZ.
Bayer AG purchases US contraceptive maker Conceptus. Bayer AG of Germany has entered into an agreement to purchase Conceptus, the American contraceptives maker for US$1.
