Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.
Exits
Ireland's National Pension Reserve Fund to seek buyer for private equity holdings- report
The Irish Times reported that the National Pension Reserve Fund of Ireland or NPRF is believed to be mulling a sale for its private equity investments.
Peugeot enters final talks on €3.5 billion share sale
French automobile manufacturer PSA Peugeot Citroen is nearing a €3.5 billion share sale deal with Chinese carmaker Dongfeng Motor Co. and the government of France. Under the terms of the deal, Dongfeng and the French state will each hold a 20% stake in Peugeot.
Hellman & Friedman, JMI Equity mull over Kronos sale
Private equity firms Hellman & Friedman LLC and JMI Equity are reportedly looking to sell workforce management software company Kronos Inc. The two investment firms privatized Kronos in 2007 for $1.8 billion.
As Fed looms, Morgan Stanley sets sale of US oil terminal business
Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
Latest News
UK-based FirstGroup said no to the proposal of hedge fund Sandell Asset Management to split the company and sell assets, saying the plan contained a number of structural flaws and inaccuracies, a Bloomberg report said.
London-based broadcaster ITV Plc has sold its remaining 6.79% stake in Scotland-based broadcaster STV for £7.5 million, severing a shareholder relationship that goes back to the 1990s.
A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.
Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.
Australia's largest oil and gas producer BHP Billiton said it is interested in expanding to the Caribbean nation of Trinidad and Tobago despite some of its asset sales, according to a Bloomberg report.
HSBC Holdings PLC has put up for sale its 8% stake in Bank of Shanghai Co. HSBC sold its holding in the Chinese bank to Spain's Santandar SA for an undisclosed sum.
Chilean business tycoon and billionaire Alvaro Saieh said no proceeds that will be raised from an eventual stake sale of Corpbanca will be utilized to fund it sister firm SMU SA, a Bloomberg report said.
Belgian postal group BPost said on Tuesday that its private equity backers, which still owned a 19.7 percent stake in the group after it was floated in June, would sell their shares in an accelerated bookbuild.
Sources disclosed to IFR that Chinese waste management and energy company China Everbright International Ltd will be floating 430 million new shares to raise up to HKD3.75 billion or USD484 million.
