Investors
Lloyds to sell 30% to 50% TSB stake in public float
British financial institution Lloyds Banking Group Plc will reportedly put up for sale 30% to 50% of its stake in 631 bank branches. The said bank branches are being rebranded as TSB, which is expected to float on the stock market middle of next year.
Saputo hikes Warnambool bid to USD472 million in three-way contest
Canada-based milk processor Saputo Inc raised its acquisition offer for Australia-based Warrnambool Cheese & Butter Factory Co to AUD515 million in a three-way bid contest with dairy firms Bega Cheese Ltd and Murray Goulburn Cooperative Co.
Trafigura divests stakes in African unit Puma for USD500 million
Switzerland-based Trafigura Beheer BV had put up for sale its stake in Puma Energy for USD500 million. Trafigura sold a part of its interest in the African unit to Angola's Sonangol Corporation and Cochan Ltd.
Cinda launches $2.5 bln HK IPO backed by Och-Ziff, Norway fund
China Cinda Asset Management Corp, one of China's four bad loan managers, is seeking up to $2.5 billion in an initial public offering in Hong Kong attracting global investors like Och-Ziff Capital Management Group LLC and Norway's sovereign wealth fund.