PKP Cargo SA said in a statement today that its major investor, Polish State Railway, would be divesting its stake in the former's freight transportation unit that would reportedly fetch around PLN1.65 billion or USD526 million.
Exits
Doughty Hanson sells 20.9% of its holding in HellermannTyton
British private equity firm Doughty Hanson said in its statement on Wednesday that it had sold 20.9% of its shares in cable equipment maker HellermannTyton for GBP119 million or USD191.21 million.
France daily Vinci mulls sale of parking concession business - report
French financial newspaper Les Echos said on its report Wednesday that French construction and concessions company Vinci was considering of selling its parking concession business to generate funds for future acquisitions.
Alibaba's listing at the NYSE will pull other Chinese Internet companies with it
Alibaba, the largest e-commerce company in Chins, is set to register at the New York Stock Exchange.
Barclays to close wealth management services
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
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Berjaya Corporation Berhad's Philippines unit, Berjaya Philippines Inc, extended its GBP42 million or USD65 million takeover bid offer to minority shareholders of British auto dealer HR Owen to October 11.
The rights to the Minas-Rio project is the main asset to be sold off by Anglo American as it faces mounting pressure to provide finances for the project.
A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.
On Wednesday, the Swedish government said that it has sold the last of its holdings in regional bank Nordea AB for SEK21.6 billion or USD3.4 billion.
The fleet of Noble Corp would be separated between shallow water and deep water drill rigging equipment.
Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.
After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.
In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.
Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.
