Sources revealed that AG Barr could be buying GlaxoSmithKline's Ribena and Lucozade brands. IRN-BRU producer AG Barr continued to be silent yesterday over reports AG Barr would team up with private equity organisations Blackstone Group and Lion Capital to purchase the Ribena and Lucozade brands from pharmaceutical giant GlaxoSmithKline.
Sectors
Ekuinas wants Icon Offshore to expand internationally before its IPO
Malaysian Ekuiti Nasional said it wants to expand Icon Offshore Bhd before it goes public. Ekuiti Nasional Bhd revealed plans to carry out one more regional financial commitment for its offshore supply vessel entity, Icon Offshore Bhd.
AlpInvest Partners buys EUR800 million worth of HypoVereinsbank assets
AlpInvest won its bid to purchase EUR800 million in private equity assets from HypoVereinsbank. AlpInvest Partners, a Dutch private equity investor, finished first in the race to acquire up to EUR800 million of private equity assets from HypoVereinsbank, according to three individuals with knowledge of the situation.
Stella Luna set to expand market in Paris
Asian shoemaker Stella International Holdings Ltd announced that they plan to expand their own brand in Paris
Unitech puts up 3.6 million sq ft of properties for sale
Unitech has placed 3.6 million square feet of IT space up for sale. Unitech Corporate Parks have offered around 3. 6 million square feet of properties in India's Gurgaon IT Special Economic Zone to a number of private equity firms, said a person who has knowledge of the plans.
Latest News
Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.
Worldfloat saw its customer base increase due to unique game. Worldfloat, an Indian-based social networking site, expects to have its membership base expand to around 20 million in the next few weeks.
KrisEnergy revealed that it its looking to raise more than SGD270 million in its market debut. KrisEnergy Ltd is looking to receive up to SGD270 million in net proceeds in its initial public offering.
Abu Dhabi Investment Authority laid out plans to invest US$200 million in Indian real estate. Abu Dhabi Investment Authority revealed plans to make investments of about US$200 million in Indian real estate emphasizing a trend for significant Gulf sovereign wealth funds to diversify from developed markets such as Northern American countries and Europe, two sources with knowledge of the deal said.
CLS Bank announced record breaking volume transactions through its system. The globe's largest currency trading settlement system, the CLS Bank, had announced it managed an average of US$5.
While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.
Bookmakers and retailers celebrate its earnings due to the windfall for the anticipated first born of Prince Philip and Kate Middleton.
Cory Monteith who plays Finn Hudson was found dead in Vancouver with no foul play involved. Cory Monteith, who plays Finn Hudson on the hit television show 'Glee' was found dead in his hotel room in Vancouver, Canada.
Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.
