Arison's companies divest their shares in the largest bank in Israel,Bank Hapoalim. (Photo : Reuters)The image is the frontage of Bank Hapoalim. The controlling shareholder in Bank Hapoalim has sold 250 million shekels or US$69 million worth of shares in the largest lending institution in Israel.
Finance/Venture
Medioblanca to sell stakes in Generali and Telecom Italia
Medioblanca will sell stakes as part of its revival campaign. (Photo : Reuters)This is an image of Telecom Italia's logo. Italy's largest listed investment bank Medioblanca SpA is planning to sell its stakes in firms which include Assicurazioni Generali SpA and Telecom Italia SpA.
CVC Capital rises above rivals in fundraiser
CVC Capital received Eur7 billion in its six-month round. (Photo : Reuters)The image is the corporate logo of CVC Capital Partners. CVC Capital Partners Ltd.
Private Equity Firms Tapped for Investments in Shriram Ventures
Shriram Ventures are in discussion with private equity firms such as Blackstone Group and Temasek Holdings.
Wal-Mart Opening Retirement Fund for Bidding to Managers
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
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Foreign investors purchased a large volume of domestic South Korean bonds equalling net stock sales to foreign buyers overall.
Patrick Wolff is betting that China's markets would crash. (Photo : Reuters)The image is a Chinese bourse board in the red. Patrick Wolff, the chess master who became a hedge fund manager is predicting a stock market crash to happen in China.
Al Baraka Bank of Bahrain to issue US$200 million sukuk bond. (Photo : Reuters)The image is the corporate logo of Al Baraka Bank. The Turkish unit of Al Baraka Bank is working on a US$200 million sukuk.
Citigroup named Zdenek Turek as new head of its Western Europe operations. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
Carlyle Group and Seven Group Holdings cancelled its sale of Coates Hire. (Photo : Reuters )A consortium led by Carlyle Group and company management agreed to take Chinese economy hotel chain 7 Days Group Holdings Ltd private.
After minority owner CVC launched sale for Belgium’s Bpost earlier this month, trading for new shares will take place on Friday after being listed on the Brussels Stock Exchange.
A planned merger between Ebix and an affiliate of Goldman Sachs was cancelled after investigation by US regulators.
The following bids, mergers, acquisitions and disposals were reported on Wednesday. The following bids, mergers, acquisitions and disposals were reported on Wednesday:Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
