Russia is determined to sell its interest in private enterprises and one of them is their 53% interest in Rostelecom.
Investors
Sweden Completes Divestment of Nordea Shareholdings
Sweden sells off the remaining shareholdings in Nordea Bank. Sweden has sold the remaining half of its stake in the biggest bank in the region, Nordea, The sale netted US$3.
Fairfax Set To Increase Shareholdings in Eurobank
Fairfax increases its shareholdings to 42% in Eurobank. Fairfax Financial Holdings would be raising its shareholdings in Eurobank Properties, the real estate firmn from Greece.
SoftBank nearing Sprint Nextel acquisition
SoftBank is nearing the completion of the acquisition of the Sprint Nextel deal. SoftBank Corp of Japan had completed another step in its current bid to acquire Sprint Nextel Corp, the US wireless provider.
Alpine Bau declares insolvency
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
Latest News
DP World, because of favorable market terms, was able to extend its revolving credit facility. (Photo : Reuters)The image is the signage infront of the DP Head Office.
ThousandEyes acquired $5.5 million in Series A funding led by Sequoia Capital. ThousandEyes, a San Francisco, California-based information and technology performance management provider, announced on Wednesday that it has successfully acquired $5.
Nextt, a new social networking app, said it has raised $700,000 in funding. New social networking platform Nextt announced on Wednesday that it has raised $700,000 worth of seed funds.
Robinsons Retail Group is planning to undertake the largest IPO in the Philippines. The Robinsons Retail Group, whose interests include operations in the consumer market through supermarkets, hardware and department stores throughout the Philippines, is now planning to raise US$924 million through an initial public offer in Manila.
Swedish private equity firm Segulah Advisor named Lars Nyberg as member of the board. Stockholm-based private equity investment company Segulah Advisor announced on Wednesday that it has chosen Lars Nyberg as its newest member of the board.
CLSA Brokerage, owned by Credit Agricole SA, was sold to CITIC Securities but Taiwanese regulators may reject the sale.
Riverstone Holdings announced its close of its fund which amounted to $7.7 billion. (Photo : Reuters)This is the logo of Riverstone Holdings LLC Riverstone Holdings LLC announced on Wednesday that it has acquired $7.
BC Partners have finally closed the deal to acquire Springer Science from EQT V and GIC. (Photo : Reuters)This is the logo of Springer Science+Business Media.
Huron Rivers Ventures Partners announced its completion of its initial fund worth $11 million. Early-stage venture capital investment company Huron River Ventures Partners has reached a close on its maiden fund, Huron River Ventures I worth $11 million.
