Altice, founded by French-Israeli phone-industry entrepreneur Patrick Drahi, seeks to raise €750 million ($1 billion) in an initial public offering at the Amsterdam Stock Exchange. Proceeds from the deal will be used to reduce its debt.
Investors
Temasek mulls over bond sale to individual investors in Singapore
State-owned investment firm Temasek Holdings Pte. Ltd. is considering to offer bonds to individual investors in Singapore. Temasek's current $10 billion medium-term bond program offers securities to institutions.
China's Greenland to invest £1.2B on two London property projects
China's state-owned Greenland Holding Group will invest £1.2 billion ($2 billion) on two property projects located in Wandsworth and Canary Wharf in London. The real estate developer is also looking to enter Canada, France and Singapore this year.
Mitsubishi Motors to raise up to $2.3B in share sale, resume dividend payments
Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to resume dividend payments for the first time in more than 15 years.
Hedge funds increase gold bets despite declines forecast- report
Hedge funds have increased their bullish gold bets amid predictions given by analysts that the price of the bullion will continue to go down this year, Bloomberg reported.
Latest News
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Photo pinning social site Pinterest bought San Francisco-based image recognition startup VisualGraph for an undisclosed amount to automatically detect items pinned on the site and to tailor future ads.
Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.
Vietnam has increased the foreign ownership caps in banks from the previous 15% to 20% in a bid to boost the country's ailing banking system, according to a government statement.
Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
Bahrain private equity firm Investcorp has bought a significant minority stake in Turkish fresh cut and packaged processed red meat producer Namet for an undisclosed sum. Early this year, Investcorp acquired a 25% stake in Saudi Arabia's Leejam Sports Co.
Australia-based private equity group Champ Ventures plans to exit its 42% stake in fleet management and leasing firm SG Fleet via initial public offering (IPO) by the end of 2014's first quarter.
The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.
Sao Paulo-based investment bank and asset wealth manager Grupo BTG Pactual said Brazil's presidential elections scheduled in October 2014 will curtail the mergers and acquisitions activity this year, Bloomberg reported.
