New Zealand-based express package services provider Freightways Limited has purchased two document destruction businesses, namely Sydney-based Advance Security Destruction Services and Hastings-based Docushred, for a total of USD13 million.

State-owned oil company Petroleos del Peru SA (Petroperu) is reviving plans to sell as much as 49% of its shares,according to Energy and Mines Minister Jorge Merino.

Brazil-based car parts supplier Autometal is looking for acquisition deals with midsize competitors as global car manufacturers are planning production in the South American country.

A Bloomberg report noted that China's massive CNY2.6 trillion or USD427 billion corporate debt is due next year, indicating a possibility that the country could default on its payments for the first time.

The second fund, which is run by former regional head of New York-based hedge fund Perry Capital LLC Alp Ercil, is targeting to raise USD1.1 billion to invest in distressed assets in Asia.

China's biggest e-commerce firm, Alibaba Group Holdings, will be buying stakes in Haier Electronics Group and Qingdao Haier Logistics Co, according to a report by Bloomberg.

Chinese state-owned firms are expected to lead the initial public offerings in the mainland next year after the lifting of the temporary ban on public share sales by the government, according to sources interviews by Bloomberg.

Luxury fashion house Chanel has acquired the Bodin-Joyeux tannery based in Levrous, France, in a bid to maintain the world-class quality of the fashion company's leathers.

Hong Kong-based private equity firm Gaw Capital Partners is set to purchase minority stakes in four commercial property acquisitions in the UK and the US, in a deal with a total value of USD1 billion.

After failing to dispose of Freedom Group, private equity firm Cerberus Capital Management has proposed to buy out shares of investors who want to exit their investments in the gunmaker.