Osaka canceled the sale of Osaka Prefectural Urban Development Co after lawmakers from the local government rejected the winning bidder Lone Star Funds, a source told Bloomberg.
Transportation
Google partners to develop $82M San Jose airport
Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.
Owner of Colombia's Avianca eyes takeover of Italian airline Alitalia, Polish flag carrier LOT
German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.
AerCap's largest shareholder to vote in favor of $5.4 billion ILFC purchase
Al Waha Capital, AerCap's largest shareholder with a 26.3% stake, is in favor of the Dutch aircraft leasing company's $5.4 billion acquisition of International Finance Corp. ILFC is owned by American International Group.
General Motors invests $600M in Flint plant
As part of a $1.3-billion investment in five US plants, General Motors (GM) is pouring in $600 million in its oldest assembly plant in Flint, Michigan, to set up a state-of-the-art paint facility and other upgrades.
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French automaker Renault and state-owned Dongfeng Motor Group have finally closed a $1.3 billion partnership agreement after almost a decade. The deal allows Renault to sell locally assembled models in China.
Sources said that American International Group is close to a deal to make its exit from International Lease Finance Corp. to Netherlands' AerCap Holdings NV. Under the deal, AIG will reportedly receive $3 billion in cash and $2.4 billion in stock.
The National Aeronautics and Space Administration (NASA) will turn over one of its idled space-shuttle launch pad to Space Exploration Technologies (SpaceX), according to officials on Friday.
Ford chairman Bill Ford, Jr. invested in San Francisco-based startup QuickPay through his venture firm Fontinalis Partners to help improve on-street and off-street parking experience.
London-based leveraged buyout firm CVC Capital Partners Ltd told investors it plans to exit its remaining stake in North American travel chain Pilot Travel Centers LLC.
India-based firm GMR Infrastructure Ltd said exit deal of its 40% interest in Istanbul's Sabiha Gokcen airport was still in progress, after a local paper reported it had already closed the deal for €220 million ($302.58 million).
American International Group is said to be negotiating the sale of International Lease Finance Corp. to Netherlands-based independent aircraft lessor AerCap Holdings NV. In December 2012, AIG agreed to sell as much as 90% stake in ILFC to a Chinese consortium for $4.7 billion.
An investor group led by Canadian private equity firm TorQuest Partners has bought a majority stake in Edmonton-based A&B Rail Services Ltd in a deal with undisclosed financial terms.
Fremantle-based livestock export giant Wellard Group’s shipping and land division have attracted strong interests from wealthy investors in Saudi Arabia and Brazil, according to industry insiders.
