HSBC Holdings has decided to sell its two portfolios of consumer loans in the U.S. for $3.2 billion in cash as it continues to minimize business presence in the country following the housing market crash.
Exits
ING Finalizes Transfer of British Internet bank to Barclays
ING completes transfer of ING Groep NV's transfer to Barclays. ING Groep NV's sale has been completed by ING Direct UK to Barclays Bank. The cost of the transaction would be Eur280 million for the first quarter of 2013 and total loss would be Eur260 million compared to expected returns of Eur320 million.
Sohu's Stock Rally Buoyed with Buyout Talk
Sohu stocks increase in value on rumored privatization. China's second biggest online video website Sohu. com has increased in value as it lead the gains of Chinese stocks on the basis of a news report saying the company would be privatized.
Bids for Ista Sale Are Due March
The bids for the buyout sale of energy metering company Ista, worth around 3 billion euros, are set for the week of March 18
Dell's Sale Could Benefit Shareholders: Special Committee
The special board of directors committee of Dell is defending the sale of the company as it expects shareholders to get the best possible value from the deal.
Latest News
Anadarko and Indian billionaire Dhoot to sell off Mozambique gas interest. The partnership between Anadarko Petroleum Corp and Indian tycoon Venugopal Dhoot is auctioning off its twenty percent stake in a Mozambique gas field.
Wells Fargo's chief financial officer Tim Sloan revealed during an investor conference that they may consider sale of mortgage servicing rights without any capital pressure.
Fund managers prepare IPO of HD Supply. HD Supply is going public and many private equity firms are preparing for the IPO. This comes six years after the industrial distribution company was bought out of Home Depot Inc for a whopping US$8.
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
Security firm G4S has decided to sell its government business unit in the U.S. as the country struggles from budget cuts.
Owners of HD Supply are expected to sell the industrial distribution company in a proposed IPO as it reports significant improvement since financial crises.
Government competition bureau approves sale of Astral to BCE. Approval has been issued by the Competition Bureau of Canada for the purchase of BCE Inc of Astral Media Inc.
Hellermann Tyton would be listed in the London Stock Exchange. Hellermann Tyton's business is the making of cabling products and has announced it would list at least 40% of its shares in the London Stock Exchange this March.
American oil and gas explorer Anardarko Petroleum has collaborated with Venugopal Dhoot, an Indian tycoon, for the auction of a 20% stake in a Mozambique gas stake that is expected to fetch $4.5 billion.
