RBS has reported good earnings that it hopes to influence the government to sell its 82 percent stake in the company.
Sovereign wealth funds
AIG is Private Again
AIG divests US government of shares over the company. American International Group Inc or AIG has recovered from the 2008 financial crisis after buying out the US government's last financial interest in the formerly beleaguered firm.
Rio Tinto Extends Funding to Project
Rio extends budget after impasse with Mongolian government over mining project. The Rio Tinto subsidiary overseeing the Oyu Tolgui gold and copper project, Turquoise Hill Resources Ltd had announced that an extension on construction funding has been provided while discussions are ongoing with the Mongolian government to find a settlement for their dispute.
CEO for Thales Forecast Better Days
New Thales CEO projecting future of company. Newly appointed Thales SA Chairman and Chief Executive Officer Jean-Bernard Levy has been on the job for the last two and a half months.
RBS near Sale of UK Government Stake
UK government to divest shares in RBS. The Royal Bank of Scotland reported its highest profit since the market crash of 2008. This can lead to the eventual sale of the UK government's 82% share in the bank.
Latest News
The government of Japan is making plans for the sale of Japan Tabacco's 17% stake. Japan's government has been in preparation to make sale of almost 17% of long-held state asset Japan Tobacco, expected to fetch up to about %10 billion, according to sources.
Daimler is not to keen on the reported interest of CIC over shares of the company. German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company.
The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
SNI selling off interests to foreign firms. The Moroccan royal family's investment firm, SNI recently announced the sale of its 37. 7 percent stake in dairy firm Central Laitiere.
Russia said that the government is still not receiving any requests to buy Qatar-controlled VTB. Russia has said that it did not receive any requests from sovereign wealth fund from Qatar to purchase shares in state-controlled bank VTB, accounting to Russian First Deputy Prime Minister Igor Shuvalov.
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
Printemps owners are said to have been aiming to sell their 90% share in Qatar. Businessman Maurizio Borletti of Italy said that owners of Deustche Bank's real estate arm RREEF are selling their 70% share at French department store and tourist hotspot Printemps.
