Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
2 min read · 28 March 2017
Dominion Diamond Corp, the target of an unsolicited US$1.1 billion approach by U.S. billionaire Dennis Washington, said it will launch a formal sales process, Reuters reported. The Canadian company's stock rose on speculation that global miners including Rio Tinto and Anglo American's De Beers unit may now make a bid. Analysts have also speculated that Russia's Alrosa and private equity players could be interested in Dominion, which owns the Ekati diamond mine in Northwest Territories and is the world's third-largest diamond producer by value.
2 min read · 27 March 2017
UK-based materials testing company Exova Group (EXO.L) said on Monday it had received proposals for a possible cash offer, including one from Dutch firm Element Materials Technology.
1 min read · 27 March 2017
Peakon, a provider of employee engagement and people analytics software, has completed a 6.1 million euro ($6.62 million) funding round led by EQT Ventures, the venture capital arm of Swedish private equity giant EQT, the company said on Monday.
1 min read · 27 March 2017
Britain's Co-operative Bank said on Friday its ongoing sales process has drawn interest from multiple bidders after the ailing British lender put itself up for sale in February.
2 min read · 24 March 2017
Portugal's negotiations to sell rescued lender Novo Banco to U.S. private equity firm Lone Star are progressing well and the government considers they will result in "a good deal," Finance Minister Mario Centeno said on Friday.
1 min read · 24 March 2017
State Bank of India (SBI.NS), the nation's top lender by assets, said on Friday it would begin the process for an initial public offering (IPO) of its life insurance arm, with plans to sell a 10 percent stake.
1 min read · 24 March 2017
German engineering group Aumann rose 15 percent in its stock market debut on Friday, in the country's first initial public offering this year, Reuters reported.
1 min read · 24 March 2017
China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP's (BX.N) 21 percent stake in SeaWorld Entertainment Inc (SEAS.N), the embattled U.S.-based marine park operator said on Friday.
2 min read · 24 March 2017
Chinese conglomerate HNA Group and China Cinda Asset Management (1359.HK) have signed a strategic agreement to set up an industry buyout fund worth at least 20 billion yuan ($2.91 billion), HNA said in a statement on Friday.
1 min read · 24 March 2017
