Exits
Rosedale Aviation exits from Flybe Group
osedale Aviation Holding had exited from its 48.1% interest in the airline carrier to institutional investors expecting its free to increase 85%.
Lone Star wins bid to acquire Osaka prefecture-owned assets - sources
The government of Osaka prefecture's exit from the OTK Group was its strategy to privatize the latter.
Divestments to follow after ICE-NYSE merger - Sprecher
ICE chief executive officer Jeffrey Sprecher said divestments of some of NYSE's assets was detrimental to its goal of reducing expenses of its newly-combined company.
Canada open to options for its stake in Hibernia offshore oil project
In a moment of candor, Canadian Finance Minister confirmed that the federal government would be open to options as to how to best utilize its 8.5% stake in the Hibernia offshore oil project.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Tuesday. Top Russian oil firm Rosneft said it would sell about $6 billion worth of refined products to BP, establishing the British major among its biggest buyers after years without any such deal.
Oil and gas producer Harvest Natural Resources Inc said near-term liquidity constraints could hurt its ability to negotiate best possible terms to sell itself or its assets, sending its shares down as much as 32 percent.
Reuters reported that NK Rosneft' OAO (Rosneft) said it had agreed to sell oil product cargoes to BP worth over $6 billion, on top of a previous deal to sell oil worth $5.3 billion.
Graphite Capital enters into an agreement with Caledonia Investments, an investment trust company, over the sale of Park Holidays UK for a value of GBP172 million.
Fortune Global 500 and Malaysian oil company Petronas will be divesting its shale gas assets in Canada's Progress Energy Resources Co. Petronas was reportedly selling part of its stake to Indian Oil Corp.
A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.
Telecom Italia, the largest telecommunications company in Italy, will be selling its controlling stake in Buenos Aires-based Telecom Argentina to investment firm Fintech for EUR4 billion.
T-Mobile, a mobile service provider based in the US, had put up for sale its 66.15 million shares worth USD1.96 billion to improve its capacity for wireless data services.
London-based Armajaro Holdings Ltd sold its coffee, cocoa, and sugar trading arm to Swiss agricultural trader Ecom Agroindustrial Corp Ltd after reporting a loss of USD7.5 million.
According to sources interviewed by Bloomberg, New York-based private equity firm Forstmann Little & Co had shortened its list of potential bidders for IMG Worldwide Inc, its talent agency, to five.