There has been a solution reached by Romanian and Cypriot authorities for the local unit of the Bank of Cyprus.
Tags: Sale
Coop Group Pulls Out of Lloyd's Banking deal
Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.
PPR SA Acquires Pomellato
PPR SA purchase Pomellato for an undisclosed amount. The French owner of Gucci and Puma SE, PPR SA has recently announced it would be purchasing a majority stake in Pomellato of Italy from RA.
VTB IPO Preparations Underway
VTB, Russia's second largest bank is undertaking an IPO worth nearly 100 billion roubles. Russia's second largest financial institution, VTB, is now undertaking plans to meet potential investors from all over the world in preparation for the issuance of new shares.
New Carlyle Share Disposal in the Offering
For the second time in as many months, a major shareholder is selling off their stake in the buyout firm.
Latest News
Schaeffler AG to sell off bonds to pay off debts. Schaeffler AG is undertaking plans to raise nearly Eur1 billion or US$1. 31 billion in a bond sale to pay off outstanding debts and refinance loans.
QNB in its growth plans, seeks to raise funds through bond issues to capitalize its acquisitions. Qatar National Bank SAQ is planning to sell US dollar denominated bonds as it continues to become the first Arabic financial institution to have an asset portfolio that exceeds US$100 billion.
Finnair, in a bid to raise cash, sells off Norwegian Air Shuttle shares. Finnair, the official air carrier of Finland, has sold off its 4. 7% shareholdings in Norwegian Air Shuttle in the amount of Eur53 million.
The beleaguered OGX Petroleo is seeking stake sales of oil interests with Petronas and Lukoil. The flagship corporation of Brazilian mogul Eike Bautista, OGX Petroleo e Gas SA, is in negotations to sell off its 40% shareholdings to Russia's Lukoil.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
Homex bonds and share values jumped to record levels as it sold off two assets to Carlos Slim controlled corporations.
Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
Sinopec's bond sale is the largest debt sale in Asia outside of Japan. In a recent announcement, China Petroleum and Chemical Corporation has raised a total of US$3.
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
