San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Exits
Illinois Tool Works formalizes sale of industrial packaging business
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
China's Cofco lists its commercial property business in HKD14.2 billion reverse takeover
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Riverstone Holdings' London-based company plans for USD2.4 billion IPO
Riverstone Holdings' energy investment company in the UK, Riverstone Energy Ltd, would be listing in the London bourse in late October.
Telefonica agrees on cash-and-share deals to increase stake in Telecom Italia
Spanish telecoms group Telefonica had agreed on Tuesday to increase its stake in Telco, of which the latter is the controlling shareholder of Telecom Italia, via cash-and-share deals.
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Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
AXA Private Equity said it had been considering the sale of its natural ingredient maker Diana for a deal valued around EUR1 billion.
The proposed settlement for healthcare benefits claim of Peabody Energy Corp was rejected by the United Mine Workers of America.
Real estate brokerage Marcus & Millichap Inc. filed an IPO to raise USD103.5 million. Marcus & Millichap Inc. had filed an initial public offering of common stock with US regulators to raise up to USD103.
On Monday, Chrysler Group LLC filed for an initial public offering after being compelled by United Auto Workers, the company's minority shareholder.
One of the private equity firms focused on information and communication, BV Investment Partners, have exited its investment in Butterfield Fulcrum in favor of Mitsubishi UFJ.
