CMS is selling its bakery supplies business to Rhone Capital to focus on other profitable ingredients.
Exits
French State Safran Shares for Sale
The French Ministry of Finance is selling 3.12% interest over the aerospace company Safran. The 3. 12% shareholdings of France in Safran is up for sale.
HSBC Clamps Down on Browder and Hermitage Russia Fund
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
CVC Opens Bpost IPO
CVC Capital partners would be selling off its shareholdings in the Belgian Postal Service or Bpost. CVC Capital Partners, the private equity group, is now preparing to sell to the market twenty five to thirty percent of the Belgian Postal Service.
KKR Divests Interest in Intelligence Holdings
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
Latest News
CVC Capital and RBS has sold off its shareholdings over the Luxembourg based luggage maker Samsonite.
A total of 528 million shares in Samsonite International were sold by Royal Bank of Scotland and private equity firm CVC Capital Partners as they exit in the Luxembourg-based company.
The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.
Despite offer for sale, Barclay's shares in Ziggo too expensive. Barclays was constrained to report its 14. 2% share in Zigoo, the Dutch cable company after the bank was unable to sell its shares during the stock sale it had conducted this week.
French insurer AXA is now finalizing the sale of the majority state in its private equity arm to a group of investors in a deal worth about 500 million euros.
Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.
BP is set to return $8 billion to investors using a share buy-back programme after it promised last October to offset any dilution to earnings per share from TNK-BP Sale.
Rockwood to sell off units for an expected US$2 billion. Chemicals producer Rockwood Holdings is preparing the sale of two of its subsidiaries. The sale is expected to reach US$2 billion with the increasing recovery of the US construction sector.
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
