Verizon Communications Inc (VZ.N) is the lead bidder to acquire Yahoo Inc's (YHOO.O) core business, Bloomberg reported on Friday.
1 min read · 22 July 2016
Swedish private equity group EQT has put up for sale part of the real estate services business it bought from Germany's Bilfinger for 1.2 billion euros ($1.3 bln) less than two months ago, sources told Reuters.
1 min read · 22 July 2016
An investment arm of French luxury goods giant LVMH (LVMH.PA) said it took a minority stake in South Korea's CLIO Cosmetics, swelling the ranks of global investors placing a bet on booming demand for Korean beauty products in major markets like China, Reuters reported.
2 min read · 22 July 2016
The Bank of Italy has received at least three binding offers for four small Italian banks that were rescued from bankruptcy in November after a deadline to submit bids expired on Thursday afternoon, a source told Reuters.
1 min read · 21 July 2016
Australia's antitrust watchdog has given the green light to a A$9.1 billion (US$6.79 billion) buyout of rail freight giant Asciano Ltd (AIO.AX) by a global consortium led by Canada's Brookfield Asset Management, Reuters reported. Brookfield and Qube Holdings Ltd joined forces earlier this year to make a joint offer for Asciano's port assets only, leaving the railways to China Investment Corp , Canadian Pension Plan Investment Board and Global Infrastructure Partners. The takeover must still be approved by Australia's Foreign Investment Review Board.
2 min read · 21 July 2016
British asset manager Intermediate Capital posted a first-quarter 1 percent rise in assets under management to 21.9 billion euros ($24.16 billion) on Thursday and said Britain's vote to leave the European Union could cut short-term investment.
1 min read · 21 July 2016
Canada's Brookfield Asset Management plans to invest about US$1 billion in Indian distressed assets through a joint venture with the largest lender in the South Asian nation where banks are battling a record US$120 billion of sour debt, Reuters reported. Brookfield and State Bank of India have signed a preliminary agreement to set up a joint venture for the investments, the firms said this week. Indian banks, with 11.5 percent of their loans soured, are under pressure from the regulator and the government to clean up their books as higher bad loans choke fresh lending in an economy whose main source of funding is bank credit.
2 min read · 21 July 2016
Blackstone Group LP (BX.N), the world's largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices, Reuters News reported.
1 min read · 21 July 2016
Developer China Vanke Co Ltd (2202.HK) said on Thursday it and its partners have sealed a $1.9 billion deal with Blackstone Group LP (BX.N) and third parties, with itself putting in 3.89 billion yuan ($583.02 million) to buy their property firms, Reuters News reported.
2 min read · 21 July 2016
Private equity firm First Reserve has put up for sale a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around 100 million euros ($110 mln), sources told Reuters.
1 min read · 20 July 2016
