Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.
Corporations
KKR Led Consortium Purchases Colonie Mall
Colonie Mall, the second largest mall in Albany NY was recently acquired by a consortium led by KKR.
International Airline Group to Purchase Vueling
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
Aurelius Capital Management LP Offers Financing Cash to Clearwire
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Thermo Fisher Forwards Binding Offer for Life Tech
Thermo Fisher, the largest scientific equipment and laboratory instruments manufacturer has sent a binding offer for Life Technologies, the genetics sequence market leader.
Latest News
VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.
Adknowledge purchases SocialWeekend Labs, the formal company name of MontiPay Inc. In an announcement, Adknowledge has acquired Montipay Inc under its name SocialWeekend Labs.
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
Immofinanze to list apartment portfolio of Buwog in an IPO. The residential unit of Immofinanz AG in Frankfurt will be offered in an initial public offering as early as November.
The purchase underscores the market expansion into France and away from Britain. India's number one software services company, Tata Consultancy Services, would purchase Alti SA of France for the price of Eur 75 million or US$98 million.
AXA PE sells off its shareholdings in Duplomatico Oleodinamica. AXA Private Equity has sold its interest in Duplomatic Oleodinamica, the Italian industrial supplier to Progressio SGR.
The latest bid is now subject to exclusive talks between Billabong and Naude-Sycamore consortium. Billabong International Ltd, the Australian surfwear company is now entering a ten (10) days of exclusive discussions with a consortium for a takeover bid.
