United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
Exits
Marubeni divests Aussie power plant stake to South Korean buyer -source
Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.
Shell, BP mulling over sale of oil refineries, petrol stations in Australia
Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.
Nestle sells US pasta maker Joseph's Pasta to Brynwood Partners
World food giant Nestle has sold its US frozen pasta business Joseph's Pasta Co. to private equity firm Brynwood Partners VII. Nestle acquired the Haverhill, Massachusetts pasta marker in 2006.
UK firm Arle Capital eyes sale or listing of oil business -report
London, UK-based private equity group Arle Capital Partners is planning either an exit or a listing of its British oil services company Expro this year, according to a report citing inside sources.
Latest News
Commerzbank is anticipating opportunities to expand its wealth management business after Swiss Credit Suisse Group sold its private bank in Germany to Bethmann Bank last month.
A Mississippi bankruptcy judge on Friday approved the sale of bankrupt car rental company Advantage Rent A Car to Canadian private equity firm Catalyst Capital Group.
Philadelphia Inquirer owners George Norcross III and Lewis Katz, who are at odds over the management of the newspaper company, are pushing it back to the auction block a few years after emerging from a bankruptcy.
Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).
The biggest bank in Spain, Banco Santander SA, sold its real estate arm to US-based private equity group Apollo Global Management in a deal valued at €664 million ($903 million).
Carme Trust announced the completed sale of its 1.87 million shares in Canada-based lentil and pea splitting group Alliance Grain Traders Inc (AGT) in a deal valued at $28 million.
Finland-based food group HKScan has inked an agreement to divest its 49% stake in Switzerland-based meat company Nyhlens & Hugosons Chark for €2.2 million ($3 million) in cash.
The government of Hungary eyes the sale of its majority stake in savings bank Takarekbank, according to a government decree reported by Magyar Kozlony, the country's official gazette.
Philippine-based bank Rizal Commercial Banking Corp (RCBC) has completed the sale of its 65% stake in credit card issuer Bankard Inc to RYM Business Management Corp, according to a disclosure to the Philippine Stock Exchange.
