Villar Mir to make an offer for real estate firm Colonial. Spanish business mogul Juan Miguel Villar Mir is reviewing its position as to the debt saddled real estate company Colonial.
Sectors
Copperbelt Energy to Acquire Abuja Electricity 60% Stake for $164 Million
Copperbelt will pay $164 million to take 60% stake at Abuja Electricity Copperbelt Energy Corp. of Zambia has announced that it would acquire 60% of the stake at Abuja Electricity Distribution Co.
Barilla Concludes Sale of Lieken to Agrofert
Barilla, world's largest pasta manufacturer, will be selling its German unit to focus on high-margin food products.
Financial Times Not For Sale
Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.
Wirecard Forms Partnership with Vodafone
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
Latest News
General Motors has agreed to use AT&T wireless service for its 2015 auto models, ending service from Verizon.
Siemens has been aiming to reduce its stake at Nokia Siemens Networks when its 6-year shareholder agreement with Nokia in April
Jim Woolery steps down at JPMorgan to start as chairman for law firm Cadwalader, Wickersham & Taft. (Corrects title of new deputy chairman and Chris Ventresca remaining at JP Morgan in second paragraph) Jim Woolery, co-head of North American mergers and acquisitions business at JP Morgan, is leaving the company to work for law firm Cadwalader, Wickersham & Taft, the investment bank's spokeswoman said.
The chairman of Barnes & Noble, Leonard Riggio, it set to offer bid for the bookstore business of the firm.
Areva, a nuclear group in France, has said it Fennovoima might terminate the company from deals on supply for the reactor site in Japan.
CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.
The top market marker in the U.S. is expected to sell its credit-brokerage business unit to Stifel Financial Corp.
French media group Vivendi SA is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT
Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.
