Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.

Lender engages six banks to facilitate bond sale. Dubai's largest lender, Emirates NBD, has engaged the services of six major banking institutions to arrange a subordinated bond sale for the company.

Henkel is the front runner for the vacant ThyssenKrupp Chairman position. Ulrich Lehner, former Henkel CEO is tabbed to be the next chairman at ThyssenKrupp.

CEDC is receiving offers for purchase from Russian billionaires. The rivaling offers from Russian billionaires to rescue the Polish vodka maker CEDC is spurring rumors that the company would be able to stave off bankruptcy.

Investment Dar sells off stake to pay debts. The controlling shareholder for Aston Martin, the British car maker is Investment Dar Co. The company has agreed to sell its stake in the beleaguered Bahraini Islamic Bank for US$92 million as the company restructures its debts.

Bank extends loan to DAFZA Dubai Airport Freezone (DAFZA) was granted a credit line of AED500 million (US$136million) by Abu Dhabi Islamic Bank (ADIB).

UAE company manages Australian expansion of Baskin-Robbins. The world's most well-known and largest chain of ice cream specialty shop, Baskin-Robbins, has released a statement regarding its plans to open another 200 shops in Australia.

Tiger Global buys Cobone. The largest daily deal company in the Middle East, Cobone. com was purchased by Tiger Global Management. The international investment firm gave additional funds to the Middle East Company to expand its long term obligations at home.

Dubal and Sinoway Forges Partnership. It was reported Saturday that Dubal or Dubai Aluminium has purchased a twenty percent share in a joint venture project in China.

Hanmi sales discussions stalled with rival banks over valuation and management. Discussions for the sale of Hanmi Financial Corp have stalled because of a number of disagreements over management and price per share.

Chesapeake files suit against BNY Mellon. Chesapeake Energy Corp has gone to court to sue its trustee Bank of New York Mellon Corp seeking redemption of more than US$1.

KKR buys Gardner Denver for US$3.74 billion. Gardner Denver Inc had agreed to be sold to KKR and Co LP for the price of US$3. 74 billion. Industry experts though still have lingering doubts as to the valuation of the company as it was undeevalued because of the sale.

TPG's real estate expansion reaping dividends. Two years into its expansion into real estate, TPG Capital has been able to parlay US$2 billion worth of equity investments in properties.

Numeric Investors is a fund manager that is putting itself up for sale. According to Mike Even, Numeric Investors President and CEO said that it is putting the firm up for sale.

Repsol denies Reuters report in explanation to Spanish stock market regulator. In an official statement, Repsol reiterated that there are no ongoing discussions with the government of Argentina as to the expropriation of the Spanish oil giant's share in Argentina's YPF company.

PICC lists in Shanghai index after HK index. According to People's Insurance Company of China Group's Chairman Wu Yan, it would be completing an A share listing by the third quarter of 2013.

Elan proceeds with its US$1 billion buyback share program. Elan is expected to undertake the planned US$1 billion share buyback by next week. The Irish pharmaceutical firm's move may undermine the takeover offer by US fund firm Royalty Pharma.

Nielsen Expositions is up for sale and may be worth US$1 billion. Nielsen Holdings NV, the television ratings firm is now in exploratory talks to sell its expositions business.

Monte dei Paschi being investigated for corruption and fraud in the Antonveneta deal. Siena prosecutors are currently investigating charges of fraud and corruption in the Monte dei Paschi's acquisition of Antonveneta back in 2007.

Zhang led investment group buying stake in GM building in Manhattan. A consortium of investors from China is in talks to purchase a 40% stake in General Motors building located in Manhattan.

TPG Capital to pay Bob Ingham Aus$ 1 billion for Ingham Enterprises. Bob Ingham announced Saturday that TPG Capital, a private equity firm, won the bidding for the acquisition of Ingham Enterprises, Australia's largest poultry firm.

Dinan's assessment makes future of JC Penney less than positive. James Dinan, the head of York Capital Management, is betting that JC Penney Corp would continue its poor performance of the company.

Based on a TV news report, Jet Airways shares jumped as Etihad supposedly would purchase 13% interest.

Qatar set to sell three year and five year bills and bonds worth QR4 billion. Qatar is set to sell QR4 billion or US$1. 1 billion in three year and five year bills and sukuk bonds.

Xstrata CEO to set up private mining fund when he leaves company after Glencore takeover. After Glencore International takes over Xstrata Plc, former top management of Xstrata are planning their next move.

News Corp pushes through with separation of businesses into News Corp for publishing and Fox Group for entertainment.

Carfax will either be sold, put on IPO or be subject of acquisitions for its future. The owner of the used-car history provider Carfax, R. L. Polk and Co is exploring its financial options.

ENI denies rumors and reaffirms official stands through Chairman Giuseppe Rechhi. The Italian state oil company ENI has not table any plan to consider the spin-off of its services unit, Saipem.

Shareholders respond to call for more funds for Talvivaara. Talvivaara, the nickel mining company from Finland has asked its shareholders for Eur261 million to pay for the cost of keeping the mine running in light of its penalties from a waste water leak incident.

Chesapeake needs to raise cash, chooses to sell off properties. The US natural gas producer Chesapeake Energy Corp would need to sell as much as US$7billion in order to make up for a projected cash funding issue.