San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Tags: Exit
African Minerals agrees sale of Tonkolili mine to Tianjin Materials & Equipment Group
African Minerals Ltd would be selling its 17% stake in a Sierra Leone mine to Tianjin Materials & Equipment Group Corp.
Lixil on basic agreement to acquire Grohe for USD4 billion - CEO
According to a Reuters report, Lixil Group Corp Chief Executive Yoshiaki Fujimori said that his company had reached a basic agreement to buy bathroom equipment maker Grohe for JPY400 billion or USD4.05 billion from its owners.
Doughty Hanson sells 20.9% of its holding in HellermannTyton
British private equity firm Doughty Hanson said in its statement on Wednesday that it had sold 20.9% of its shares in cable equipment maker HellermannTyton for GBP119 million or USD191.21 million.
France daily Vinci mulls sale of parking concession business - report
French financial newspaper Les Echos said on its report Wednesday that French construction and concessions company Vinci was considering of selling its parking concession business to generate funds for future acquisitions.
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According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
One of the private equity firms focused on information and communication, BV Investment Partners, have exited its investment in Butterfield Fulcrum in favor of Mitsubishi UFJ.
Canada-based anti-terrorist solutions provider Allen-Vanguard exited its Explosive Ordnance Disposal unit.
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
The Abraaj Group announced its exit from the Daniel O. Mercado Medical Center (DMMC). The Abraaj Group said it had exited from its investment in Daniel O.
The management of software outsourcing company Camelot Information Systems raised its buyout offer to USD98.2 million.
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
