The U.S. largest auto supplier is rejecting speculations that it is planning to sell its automotive interiors business, saying it is actually looking forward for the sale of automotive electronics unit.
Industrials
Mando Planning IPO in Hong Kong
The listing of Mando's Chinese unit would be done in the Hong Kong bourse. The largest unit of the Halla Group of South Korea is planning to undertake an initial public offering of its Chinese unit.
Boards of Italian Firms Discuss Merger Terms
Atlantia and Gemina Boards discuss merger terms. The respective boards of Atlantia, the Italian motorway company and Gemina, the owner of ADR is expected to approve the terms of their proposed merger by Friday.
DP World Sells Assets for US$742 Million
DP World sells assets in Hong Kong to find other emerging markets. One of the largest ports operators in the world DP World Ltd is now in the process of selling its stakes in a logistics hub and two container terminals located in Hong Kong.
Tiger Airways to Join Indian Airline Race
Tiger Airways seeking partner for intra city flights and cargo operations in India. Tiger Airways, the low cost Singapore based air carrier is exploring possibilities to tie up with an India based airline to offer intra-city air travel in India.
Latest News
The Turkish flag carrier is still in negotiation with Airbus and Boeing over its plan to order a number of narrow-body aircraft as it aims to increase the number of increase smaller plans this year.
Regulators approves Glencore purchase of Xstrata Plc. The US$35 billion takeover of Xstrata Plc has been approved by the South African antitrust regulators.
Air Asia gets to second step in operating airline in India. Air Asia Bhd has been give approval by Indian regulators to enter into a joint venture for an Indian airline.
Islamic bonds to be issued by Emirates Airline. The world's largest airline in terms of international traffic, Emirates Airline would begin holding meetings with investors for the possible sale of Islamic bonds called sukuks.
Ferro made it clear that it wanted to sell more of its assets as it continues to see drop in its operating profit.
Few fund firms and banks remain in Armacell auction. After Goldman Sachs and Equistone pulled out of the race, only a few buyers are still in the hunt to land Armacell, the German insulation firm.
Fund managers prepare IPO of HD Supply. HD Supply is going public and many private equity firms are preparing for the IPO. This comes six years after the industrial distribution company was bought out of Home Depot Inc for a whopping US$8.
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
Owners of HD Supply are expected to sell the industrial distribution company in a proposed IPO as it reports significant improvement since financial crises.
