Cosco Capital sells shares to raise funds for payment of debts, expansion of business and acquisition of retail ventures.
Sectors
SAC Redemption Increases as Magnitude Capital Divests
With the ongoing insider probe, more investors are pulling out their investments from SAC. With tremendously huge $3. 1 billion client money, Magnitude capital started getting back its funds during the first quarter of the year.
FreePort McMoRan Acquires New Assets
FreePort McMoRan acquires both Plains Exploration and Production and McMoRan Exploration Co. In an announcement last Friday, Freeport-McMoRan Copper & Gold Inc said that it had completed its purchase of Plains Exploration and Production, the American oil and gas producer.
Teakwood Capital Invests in Marketing Advocate
Teakwood Capital invests in multi touch marketing program Marketing Advocate. Dallas based private equity firm Teakwood Capital announced a capital investment in Marketing Advocate, a multi-touch nurture marketing program specifically for global technology firms and their channel resellers.
Promotora Divests Stake in Easy Solutions
Promotora, the top venture capital firm in Colombia, divests its shareholdings in Easy Solutions. The leading venture capital firm in Colombia, Promotora had announced the divestment of one of its portfolio companies, Easy Solutions.
Latest News
Redefine Properties will be selling off its Hyprop Investments shareholdings after it gained controlling shareholdings in a rival property firm.
Eni sells off 6.7% of its shareholdings in Galp. Eni, the Italian oil and gas group had announced the accumulation of Eur677. 6 million after the sale of 6.
Dell Inc supports Michael Dell/Silver Lake bid and urged its shareholders to vote for the bid on its July 18 shareholders meeting.
Shuanghui Int'l buys Smithfield Foods through loan facilities provided by Morgan Stanley and the Bank of China.
Suntory Holdings is preparing for an IPO that is projected to be the largest in Japan to date. In what is projected as the largest initial public offer in Japan this year, Suntory Holdings Ltd is projecting to net as much as 476 billion yen or US$4.
CVC Capital Partners set to do IPO of Matas shares. CVC Capital Partners Ltd, the European private equity firm, is deep in preparations to sell part of its stake in Matas, the drugstore chain, through an IPO.
The Moroccan institution Attijariwafa Bank is set to raise US$500 million through a foreign bond float.
Clearwire set to postpone the shareholder vote on Sprint-Nextel's offer in light of the new and improved offer from Dish Network.
Morgan Stanley files petition to prohibit former brokers to reach out to current staff in their old office.
