Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year. Al Hilal Bank, the state owned bank of Abu Dhabi, is planning to issue a debut Islamic bond valued at US$500 million to be done in the third quarter of 2013.
Tags: Assets
Hochtief AG Receives Bids for Airport Assets
Hochtief AG is expecting to sell off its airport assets for Eur1.2 billion. ACS Global of Spain's subsidiary Hochtief AG has received offers for its airport unit according to a report Monday from Reuters.
Cerberus Capital to undertake IPO
Cerberus Capital is now preparing to undertake an IPO of its German property assets. Private equity firm Cerberus Capital Management LP, led by Stephen Feinberg is now going full steam ahead with an initial public offering of its German retail property assets.
AXA Assets to be Bought by Protective Life
Protective Life is the leading buyer for assets of AXA Life amounting to US$1.5 billion. American insurer Protective Life Insurance is the frontrunner in the purchase of picking up AXA SA's life insurance assets.
Next Media's Sale Fails to Launch
Next Media's pending sale was held back by protests and other hindrances. Jimmy Lai, the Hong Kong billionaire, has offered his Taiwanese newspaper and magazine for sale but did not push through.
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Absa, a Barclays subsidiary to establish fund to purchase African equities. The Johannesburg based subsidiary of Barclays Plc, Absa Asset Management is planning to establish a US$100 million fund to be used to invest in African shares.
TPG Capital to pay Bob Ingham Aus$ 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.
OneWest, the bank from bankrupt IndyMac, is now interested in growth plans either through IPO or through outright sale.
Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.
THQ bankruptcy court to supervise asset sale. In an announcement, THQ Inc has announced that it would be selling its remaining intellectual properties through a Court supervised sale auction.
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.
PPR sells off assets. In a report by French newspaper Les Echos, PPR, the French luxury and sports brand is in discussion with Nordic Capital for the sale of Ellos, the Scandanavian subsidiary of its Redcats line.
TD Ameritrade said quarterly net income fell 3.4 percent from a year earlier but beat analysts' expectations on record new assets from clients.
