Malaysia conglomerate DRB-HICOM announced move to sell shares for Uni Asia Life Assurance company. DRB-HICOM is seeking approval from Malaysia's minister of finance for its proposal to sell its 51% shares of Uni Asia Life Assurance Bhd for $158.
Exits
Bahrain’s Investcorp to sell Skrill for USD794 mill
Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.
Pertrobras sells oil assets for USD2 billion
Pertrobras sold oil assets to raise USD2 billion to finance five-year plan. Petróleo Brasileiro SA (Petrobras) has sold oil stakes on different petrochemical and oil explorations projects.
Alibaba acquires stake in ShopRunner as it prepares for an IPO
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
BlackBerry to go private as quick fix for dropping shares
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
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Sources said Nimble Storage would go public later this year and chose Goldman Sachs Group Inc to lead the company's IPO.
Omega Advisors Inc sold its shares in Facebook and precious metals' companies and bought Apple shares after Apple's decline.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
Eike Batista sold his shares in LLX Logistica to EIG Global Energy Partners for USD 562 million. Brazilian businessman Eike Batista ceded control of LLX Logística to EIG Global Energy Partners.
India's biggest producer Tata Steel is looking for a comeback with a 30% rise in share price this year, prompting an industry observer to suggest that investors sell their Tata stake now.
Sources said ThyssenKrupp was considering the sale of its plant in Arizona as its Steel Americas sale stalled.
Two sources told Reuters that Barclays was mulling the sale of its UAE retail banking operations. Two sources told Reuters that Barclays is considering a sale of its retail banking business in the United Arab Emirates (UAE).
Groupama sold its last stake in SocGen for EUR 517.8 million. French insurance company Groupe des Assurances Mutuelles Agricoles (Groupama) finally sold its remaining 1.
Bain Capital Partners said it would sell its majority stake in Domino's Pizza Japan to Australia's Domino's Pizza Enterprises Ltd.
