Cerberus Capital is now preparing to undertake an IPO of its German property assets. Private equity firm Cerberus Capital Management LP, led by Stephen Feinberg is now going full steam ahead with an initial public offering of its German retail property assets.
Europe
Global investment banking fees in first quarter up by 6%
Global investment banking services showed its strongest annual start in two years with fees rising by six percent in the first quarter.
Deutsche Telekom to amend new MetroPCS deal terms
German Deutsche Telekom plans to amend the terms of a proposed merger between its T-Mobile USA and MetroPCS Communication, a local company, sources said.
Cyprus’ action scares depositors - Carlyle's Rubenstein
Cyprus’ action scares depositors Inflicting losses on deposits at Cypriot banks could drive investors across the world to pull their money from banks in other countries, according to Carlyle Group co-chief executive David Rubenstein.
Survey shows decrease in M&A deal volumes for emerging markets in 2012
A new survey revealed that mergers and acquisitions activity for developed and emerging markets declined in 2012.
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Randstad purchases part of USG People's operations at Eur20 million. Randstad, the Dutch staffing firm has entered into an agreement to purchase part of USG People's European operations.
Bertelsmann would be selling off part of its shareholdings in the RTL Group for an estimated Eur1.5 billion.
France Telecom and Deutsche Telekom venture in the UK EE is planning strategic changes. EE, Britain's largest mobile operator, is now undertaking plans to prepare for its initial public offering.
Mitsui Corp, one of the world's leading chemical makers purchases Heraeus Dental for Eur450 million.
German media conglomerate Bertelsmann has said that it is making sale of a stake in RTL group. Germany's Bertelsmann has announced that it is planning to sell a stake in broadcasting company RTL Group worth as much as 1.
Randstad and USG People reached a deal in which the former will buy some of the latter's European operations for 20 million euros.
International Airlines Group said it will be buying 18 787 Dreamliners from Boeing, which faced over lithium-ion battery overheating concerns.
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
