UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
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Zain IPO would offload Iraqi Unit
Zain Iraq's IPO would lower Zain Kuwait's stake in company. Zain, Kuwait's largest telecommunications operator would be selling of its Iraqi unit through an IPO.
Japex Takes Stake in Petronas Project
Japan Exploration purchases ten percent stake in Petronas Canada stake. A ten percent stake in a shale gas and liquefied natural gas joint project has been purchased by Japan Petroleum Exploration from Malaysia's Petronas.
Carlsberg to Take Over Chinese Brewer
Carlsberg set to take a bigger stake in Chongqing Brewery. Carlsberg has undertaken a takeover bid in the amount of 2. 65 billion Danish crowns or US$461.
Investcorp to Sell Industrial Supplies Interest
IPH interest sold by Bahrain's Investcorp. Investcorp, the Bahraini alternative investment fund manager has completed the divestment of its industrial supplies distribution firm whose main focus is Europe.
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Groupon CEO Andrew Mason termination causes rebound in stock prices for the company. In last Friday's trading, Groupon shares climbed 12. 6% or US$0.
3i management under fire for current dismal performance of the company. 3i, after the purchase of shares that increased Richard Bramson's stake in the private equity group, is under fire for the current strategy undertaken to bring it out of the doldrums.
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.
Best Buy closes door on takeover bid of its founder. The latest offer from its minority ownership was considered 'poor' by Best Buy Co. , prompting it to reject the bid by Richard Shulze's private equity sponsors.
Herbalife expands board to eleven directors for Icahn investment. Herbalife has agreed to increase its board membership by two seats to be chosen by Carl Icahn.
Sandridge Oil posts a 'happy' fourth quarter loss. Oil and gas company Sandridge Energy announced a fourth quarter loss while at the same time bucking criticism from its line of activist investors.
Consortium led by Carlyle Group purchases China's 7 Days Hotel chain. Chinese budget hotel chain 7 Days Group Holdings Ltd has reached a deal with a consortium of investors led by the Carlyle Group.
Nomura divests property interests for more liquidity. Nomura Holdings Inc has announced that it would lessen its exposure in Nomura Real Estate Holdings through a deal that will amount to US$577 million.
Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
