Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
Europe
Depositors to Lose 60% of Value in Cyprus
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
KKR in talks to buy French clothing brands Sandro, Maje -source
Private equity firm KKR has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot, according to a source familiar with the transaction.
UPDATE - Qataris To Purchase Printemps
Qatari investors set to purchase Printemps in full. Official documents seen by Reuters indicate that a Qatari consortium is set to do a full purchase of the French retailer Printemps.
Bond Safety Sought by Investors
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
Latest News
Clark Hill PLC and Thorp Reed & Armstrong LLP announced that they will merge to create a combined firm that would help them provide more value to clients.
The goal to boost capital base of Santander questions its ability to maintain its financial strength.
French oil giant Total will be selling off to Suncor its shareholdings in the Voyageur Upgrader joint venture project.
The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Joh A Benkinser has offered to purchase DE Masters Blenders for Eur6.4 billion. A Eur6. 4 billion buyout bid was made by Joh A Benkiser, a German investor for D.
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
TNT Express has decided to sell its its Hoau domestic road operations in China to private equity funds following UPS back-out.
Credit Suisse, the second-largest banker in Switzerland, has signed an deal to sell British wealth manager JO Hambro Investment Mangement Ltd. to investment company Bermuda National,
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
