Shares in DONG Energy jumped more than 10 percent on Thursday after the Danish utility and wind farm developer pulled off Europe's biggest stock market flotation this year, Reuters reported.
3 min read · 09 June 2016
Goldman Sachs Group Inc's Don Truesdale, who helped build its financial institutions banking practice and pioneered some of the first deals between hedge funds and banks, is retiring, Reuters reported.
1 min read · 09 June 2016
IronSource, one of Israel's most valuable private tech firms, is waiting for more favorable conditions before considering a stock market listing, one of its founders said, Reuters News reported.
2 min read · 09 June 2016
Daniel Ek, co-founder of Swedish music streaming service Spotify which has the biggest paid subscriber base in the world, said on Thursday he had no intention of selling the company, Reuters News reported.
2 min read · 09 June 2016
Canada will try to supplement planned government investment in infrastructure with funding from private investors and wants to make the projects attractive to pension funds, Reuters reported citing a statement by Prime Minister Justin Trudeau. Trudeau's Liberals won an election in October on a promise to run three consecutive annual budget deficits of up to $10 billion to help fund investment in the country's infrastructure, and will seek to boost that expenditure with private funding.
2 min read · 08 June 2016
Italian investor Borletti Group, asset manager Icamap and specialist French fund Antin Infrastructures made a successful bid to buy Italy's Grandi Stazioni Retail for 953 million euros ($1.09 billion), a statement by the group said on Wednesday.
1 min read · 08 June 2016
The Canada Pension Plan Investment Board said it will invest $570 million in LongPoint Minerals LLC, a company that invests in oil and gas mineral and royalty interests in the United States, Reuters reported. CPPIB, which is Canada's biggest public pension fund, said the investment will be deployed over two to three years and will give it a majority stake in Denver-based LongPoint. The company will acquire oil and natural gas mineral royalty interests in the lower 48 U.S. states.
1 min read · 08 June 2016
U.S. bank Goldman Sachs (GS.N) has cut staff in Russia in the past few months and more cuts are expected by the end of the summer, sources told Reuters.
1 min read · 08 June 2016
Polycom Inc said it received a revised offer from an unidentified private equity firm, the third time the bidder has revised its offer since the U.S. video conferencing equipment maker agreed to be acquired by Canada's Mitel Networks Corp, Reuters reported. The revised offer values Polycom at US$1.66 billion, based on its outstanding shares as of April 21. Mitel's cash-and-stock deal was valued at US$1.96 billion. San Jose, California-based Polycom said in a filing that the new offer comprised US$650 million of equity financing and US$950 million of debt financing.
2 min read · 08 June 2016
Polycom Inc (PLCM.O) said it received a revised offer from a private equity firm - the third time the bidder has revised its offer since the video conferencing equipment maker agreed to be acquired by Canada's Mitel Networks Corp (MNW.TO), Reuters reported.
2 min read · 08 June 2016
