Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.
Equity Financing
KKR agrees on restructuring agreement for ATU
Private equity firm KKR agrees to a restructuring deal for Germany-based car repair chain Auto-Teil Unger or ATU through a debt-for-equity swap with the latter's main creditors.
Dubai state fund acquires Atlantis hotel for undisclosed sum
Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.
Bankrupt Detroit's art assets value up to USD866 million - Christie's
Auction house Christie's said the value of the 2,781 works collection fully and partially-owned by the Detroit Institute of Arts (DIA) was around the USD452 million to USD866 million range.
India's Airtel raises EUR750 million in bond issue
India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.
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Brisbane-based private equity fund manager Blue Sky Alternative Investments Ltd plans a USD25.59 million fundraising by the end of 2013 through a series of share sales.
An article published by the New York Times said that the Versace deal may not please investors. Versace valued itself at over EUR1 billion (USD1.36 billion), which is 14 times its current-year EBITDA at EUR70 million.
The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, OncoMed, Kerning and Malaysia Airports
Analysts thought that ThyssenKrupp latest fundraising efforts, which was a USD1.2 billion share sale, was not enough to turn the company around from its dire financial straits.
Top credit ranking Johnson & Johnson reportedly sold USD3.5 billion in a six-part bond issue, its first offering in the last two years. Proceeds from the deal will be used to pay the health care product manufacturer's outstanding debt.
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.
German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.
Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.
After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on public offer.
