Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
Exits
Greece's National Bank intends to sell private equity business-sources
Three banking sources told Reuters that Greece's National Bank has plans to divest its London-based private equity arm NBGI in order to increase its capital.
Philippine chemical manufacturer Chemphil gets approval for sale of entire stake in LMG
Philippine-based industrial chemical manufacturer received approval from its board for the sale of its entire 69.92% stake in LMG Chemicals Corp to businessman Norman Ng.
Glencore-Xstrata to divest stake in Tampakan copper-gold mine in the Philippines
Baar, Switzerland-based mining giant Glencore-Xtstrata is preparing to divest its stake in the Tampakan copper-gold mine in South Cotabato, Philippines, according to a disclosure to the Australian Stock Exchange.
Blockbuster continues to remain an upscale chain in Mexico with $31M sale- report
The $31 million deal between Dish Network Corp and Grupo Elektra for the sale of Blockbuster Mexico allows the video rental service to continue to live on as an upscale chain in Mexico, Bloomberg reported.
Latest News
PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
Blue Ash, Ohio-based private equity real estate firm Viking Partners sold Indiana-based shopping center Fishers Crossing to a California-based investor in a deal valued at $4.1 million.
Private equity investor Andrea Bonomi, the biggest investor in Milan, Italy-based banking firm Banca Popolare di Milano (Pop Milano), has offloaded his entire 8.6% stake in the bank, according to a source familiar with the matter.
The investment fund Endless is mulling a sale of specialist bathroom retailer Bathstore which it acquired from plumbing group Wolseley in 2012, Sky News reported.
Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke's, LLC (d/b/a Zuke's) on its sale to Nestlé Purina PetCare Company, a subsidiary of Nestlé S.A. which closed in late 2013.
In what could potentially set the stage for a battle with an activist investor, eBay Inc has rebuffed the proposal of Carl Icahn to spin-off its payments platform PayPal, Reuters reported.
Smartphone pioneer BlackBerry Ltd announced its intention to divest most of its real estate holdings in Canada through sale-leaseback and vacant asset sales in an effort to turnaround its fortunes.
Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).
San Francisco, US-based mail startup Outbox is shutting down its mail digitizing service because of low count of paying customers signing up for it, and will instead focus on a new yet-undisclosed product.
