Finnish modern design house Artek sold its business to Swiss design firm Vitra. Alvar Aalto-founded Finnish modern design house was sold to Swiss firm Vitra.
Exits
Kazakhstan agrees on 8.33% stake sale of oil field to China- sources
Kazakh government sources told Reuters that the country had agreed to sell 8.33% of its stake in the Kashagan oil field to China.
Personalized e-commerce startup Wantful closes up after not able to secure additional investment
A Techcrunch news report said that personalized e-commerce and gift-giving startup Wantful would be shutting its operations down due to its inability to get additional capital.
Malkin Holdings to proceed Empire State Building IPO
Malkin Holdings, who manages the Empire State Building and its investors, to proceed with an initial public offering (IPO) of the building into a real estate investment trust (REIT).
Sources: J&J puts clinical diagnostics unit on sale
Johnson & Johnson had launched a sale process for its Ortho Clinical Diagnostics unit valued at USD5 billion.
Latest News
The sale of SAME Deutz-Fahr's stake in Deutz AG caused the latter's stock to drop. The sale of SAME (Società Accomandita Motori Endotermici) Deutz-Fahr's stake in Deutz AG caused the latter's value to plunge.
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Telegraaf Media Group (TMG) was able to raise EUR 391 million by selling its non-core stake in ProsiebenSat 1.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.
Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
After the Verizon-Vodafone USD130 billion deal, AT&T and Billionaire Tycoon Naguib Sawiris was reported to see Telecom Italia to be its next target.
Blackberry Ltd. would be expecting an influx of takeover bids after its board's announcement that the company is open to "explore strategic alternatives", including a sale.
In a surprise decision, Hyundai Rotem withdrew its IPO citing weak market conditions and industrial disputes.
