Rentokil sells City Link for a ceremonial 1 British Pound to Better Capital Investment Fund. Rentokil Initial Plc share values increased tthe highest in two years after its disposal of City Link Express delivery business.
Investors
PAI Partners Acquires R&R Ice Cream
PAI Partners purchases R&R Ice Cream for Eur235 million paid through a payment in kind toggle note. PAI Partners, the private equity firm is financing its acquisition of R&R Ice Cream from its owners Oaktree.
Tax Payable Major Hurdle in Verizon-Vodafone Deal
The capital gains tax bill would be one of the issues in the buyout bid, should it happen, of Verizon for Vodafone in Verizon Wireless.
Majid Al Futtaim to Purchase Mansour Group Assets
Majid Al Futtaim is discussing with the Mansour Group for the purchase of the Metro Chain and Kheir Zaman discount grocery store.
Banco Sabadell puchases Lloyd's Spanish retail and private banking business
Banco Sabadell purchases Lloyd's Spanish retail and private banking operations. A GBP 250 million loss was taken by Lloyds on its sale of its loss making investment in Spanish banking to Banco Sabadell.
Latest News
Ista, the German metering company, will be marketing its loan bond issue worth Eur1.5 billion. The German metering company Ista International GmBH recently purchased by CVC Capital Partners has commenced marketing activities for its Eur1.
Because of an investor on the US sanction list, Singapore Exchange rejects Aussino share IPO. In a surprise decision, the Singapore Exchange rejected the application for the Sing$70 million or US$57 million reverse takeover deal of Aussino Group.
VTB IPO worth US$3.3 billion snapped up by sovereign wealth funds in Azerbaijan, Norway and Qatar. VTB, the second largest financial institution in Russia, has announced that subscribers have bought the entirety of its 102.
Telecom Ltd purchases Revera Ltd for NZ$96.5 million. Telecom New Zealand Ltd announced last Monday that it is acquiring Revera Ltd, a privately owned IT infrastructure and data center based in Auckland, NZ.
Bayer AG purchases US contraceptive maker Conceptus. Bayer AG of Germany has entered into an agreement to purchase Conceptus, the American contraceptives maker for US$1.
Sumitomo of Japan would be purchasing shares owned by TPG Capital in BTPN Bank of Indonesia. Sumitomo Mitsui Banking Corp of Japan is in discussion to purchase a US$1.
Asian insurance industry investors see no sign of slowdown for fast growing market. A frenzy is underway in the Asian insurance industry and it has made many pay large sums so as not to miss opportunities to participate in the region's fastest growing market.
Sumitomo Corp pulls out of JV Agreement and purchase sale of coal mining tenements. In disappointing move, Sumitomo Corp has pulled out of a coal exploration partnership with Aquila Resources.
BHP Billiton sells Pinto Valley copper mine and an Arizona railroad to Capstone Mining Co. In agreement reportedly worth US$650 million, BHP Billiton sells two major assets to Capstone Mining Corp.
