Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Europe
AXA Private Equity sells its Aixam Mega to Polaris Industries
European private equity firm AXA Private Equity has sold its majority stake in Aixam Mega to Polaris Industries, a US in group specializing in powersports.
Zon and Optimus merger to be reviewed by Portuguese regulators
The merger of Zon Multimedia and Optimus is being reviewed by Portuguese authorities to avoid the creation of duopolies in the country's pay-TV market.
Wind Uses Sirti and Huawei in New Project
Wind of Italy is investing on a 4G network powered by Sirti and Huawei. Wind, the Italian mobile phone operator, is now investing US$1. 3 billion to build a fourth generation mobile broadband network to become more competitive against rivals Vodafone and Telecom Italia.
Sankaty Advisors offers CLOs
Sankaty offers CLOs for US and Europe through its first fund. The credit investment unit of Bain Capital LLC, Sankaty Advisors LLC, had begun raising its first fund focused on collateralized loan obligations.
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Scandlines owners Allianz Capital Partners is preparing for the sale of the ferry group. A number of banks are now consolidating debt packages amounting to Eur 1 billion or US $1.
Private equity form LDC sells kidsunlimited to Bright Horizons Family Solutions. A leading global provider of child care sponsored by employers has purchased kidsunlimited for the amount of GBP 45 million.
More than 1.5 billion euros in deposit inflows have trickled back to Greece in March bringing the total to more than 19 billion euros that have been returned to Greece since June last year.
PKO BP just recently announced plans to purchase Nordea Bank Polska and is also looking into the purchase of CSOB of KBC Groupe.
Three partners led by Nicolas Berggruen is planning to invest as much as Eur 1 billion in Portuguese properties.
CEO Franco Bernabe would most likely be given permission to conduct exploratory talks on a merger between Telecom Italia and Hutchison Whampoa.
KGHM, with a goal towards being the top copper producer, is ramping up its acquisitions every two or three years.
Pramerica rates and structure allows for newer and better collateralized loan obligations to be utilized in the market.
Luxembourg joins the many other members of the EU in allowing the relaxation of bank secrecy laws on deposits made in their country.
