Slovenske Eletarne AS is in discussion with lenders as to renegotiation of a deal finalized back in 2007.
Finance/Venture
Lloyds Sells Off Bad Loans to Cerberus Global
Lloyds sells of bad property loans to Cerberus Global amounting to GBP325 million. The Lloyds Banking Group has sold off a portfolio of bad property loans to American private equity firm Cerberus Global Investments for the amount of GBP325 million or US$504 million.
Marfin Investment Group Issues Bond
Greece's Marfin Investment Group is set to raise funds through a convertible bond issue in two tranches.
Warburg Pincus Shares in Webster Financials to be offered publicly
Warburg Pincus to sell of shareholdings in Webster Financials. Webster Financial Corporation, the holdings firm for Webster Bank NA, had announced the pricing for the underwritten secondary offering by Warburg Pincus Private Equity X LP of a total volume of 8,744,850 shares.
US$25M Loan for AvantCredit from Victory Park Capital
AvantCredit gets loan infusion from Victory Capital. The asset executive firm, Victory Park Capital, disclosed that it granted AvantCredit a US$25 million credit facility.
Latest News
Mediobanca on its own is performing well but is now burdened by the bad deals from insurer Generali.
The IPO of the Nomura Real Estate Holdings REIT expects at least US$175 billion earnings. Nomura Real Estate Holdings is planning to undertake an initial public offer of shares that is said to be the largest one to date.
Dubai Group would become independent of Dubai Holding upon completion of a US$10 million infrastructure deal.
John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.
Einhorn of Greenlight Capital gives advice and provides fearless forecast. David Einhorn is one of the most observed hedge fund managers in the industry.
MaRS welcomes Salim Teja as ICE Sector Program Managing Director. In an announcement from the MaRS Discovery District, it was happy to disclose the appointment Salim Teja as the ICE Sector Program's Managing Director.
Comvest Partners with Kayne Anderson opens a US$24 million loan facility for SCG Financial Acquisition.
SMBC formalizes acquisition of 40% of BTPN. Sumitomo Mitsui Banking Corp has agreed to acquire nearly 40% of BTPN the Indonesian financial institution.
ING is now divesting assets and undertaking cost cutting measures in order to comply with bailout requirements.
