Private equity-backed Siccar Point is seeking to sell up to half its stake in a major North Sea oil project led by Chevron (CVX.N), sources told Reuters.
3 min read · 28 February 2018
A consortium of buyout groups will pay around a billion euros for Germany’s HSH Nordbank , once the world’s largest ship financier, as it emerges from crippling writedowns and state bailouts triggered by the deepest sector slump on record, Reuters reported.
3 min read · 28 February 2018
Retailer Toys R Us UK has gone into administration, the firm appointed to oversee the process said, putting around 3,000 jobs at risk, Reuters reported.
1 min read · 28 February 2018
French hotel group AccorHotels (ACCP.PA) said on Tuesday it had agreed to sell 55 percent of its AccorInvest property business to a group of sovereign and institutional investors for 4.4 billion euros ($5.3 billion).
1 min read · 27 February 2018
Private equity firm Blackstone’s (BX.N) and U.S. specialty material company Celanese (CE.N) have offered concessions in an attempt to address EU antitrust concerns over the planned merger of their acetone tow units, Reuters reported.
1 min read · 27 February 2018
Buyout groups Cerberus and J.C. Flowers plan to buy Germany’s troubled HSH Nordbank through separate vehicles for the lender’s core operations and its non-performing assets, sources told Reuters.
1 min read · 26 February 2018
Goldman Sachs-backed payments company Circle has acquired U.S. cryptocurrency exchange Poloniex, Circle said on Monday, in an effort to cement its position as one of the leading companies in the world of blockchain technology, Reuters reported.
1 min read · 26 February 2018
Ceva Logistics aims to list on the stock exchange before the European summer as its private equity owner Apollo (APO.N) hopes to take advantage of buoyant stock market valuations, sources told Reuters.
2 min read · 26 February 2018
Shipping tycoon John Fredriksen has reached an agreement with a majority of creditors over a restructuring plan for oil rig firm Seadrill (SDRL.OL), according to U.S. court documents on Monday.
2 min read · 26 February 2018
Toyota Motor Corp is boosting investment in startup companies to get a better handle on emerging technologies that could potentially disrupt its existing business, according to the head of Toyota’s corporate venture arm.
2 min read · 26 February 2018
