Investors
RRJ takes China Everbright International stake for $350M
Hong Kong-based private equity fund RRJ Capital Ltd bought a 7.85% stake in renewable power developer China Everbright International Ltd in a deal valued at $350 million.
TorQuest-led group acquires Canada's A&B Rail Services
An investor group led by Canadian private equity firm TorQuest Partners has bought a majority stake in Edmonton-based A&B Rail Services Ltd in a deal with undisclosed financial terms.
Norway says Bitcoins aren't real money
Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
Texas Industries working with Citigroup on possible exit
Investors Southeastern Asset Management and NNS Holding have been looking to divest their stakes in Texas Industries Inc. Cement producer Texas Industries is said to be working with Citigroup on a possible sale.