Reuters News

SDH management back Telekom Slovenia sale to Cinven, says newspaper - Reuters

The management of state investment firm SDH, which is coordinating privatization in Slovenia, supports the sale of Telekom Slovenia to the only bidder, daily newspaper Dnevnik reported on Thursday.

Singapore GIC buys stake worth $509 mln in Brazil's Rede D'Or-Reuters

GIC Private Ltd, Singapore's sovereign wealth fund, bought an undisclosed stake in Brazilian hospital chain Rede D'Or from investment bank BTG Pactual for 1.6 billion reais ($509.46 million), the bank said in a filling on Wednesday.

Chinese biotech 3SBIO launches up to $712 mln HK IPO - Reuters

Biotech company 3SBIO, which delisted from the Nasdaq two years ago, on Wednesday launched an up to $712 million IPO in Hong Kong to fund acquisitions and recruit staff to help it grab a bigger piece of the booming Chinese drug market.

For BAWAG owner Cerberus, Postbank bid is just one option: Reuters

It took years and a small fortune for U.S. investor Cerberus Capital Management to polish Austrian lender BAWAG PSK into a retail gem. The question now is whether it wants to try to repeat the trick with Deutsche Postbank, Reuters News reported.

GE in talks with Element Financial on fleet assets sale: Bloomberg

General Electric Co (GE.N) is in advanced talks to sell assets of its vehicle fleet management business, GE Capital Fleet Services, to Element Financial Corp (EFN.TO), Bloomberg reported.

Warburg Pincus to sell up to $341 million shares in Chinese rental firm CAR: Reuters

Private equity firm Warburg Pincus LLC on Wednesday launched a sale of shares worth up to $341 million in CAR Inc (0699.HK), looking to benefit from a rally in the stock price of China's largest auto rental company which has more than doubled since its stock market listing last September, Reuters News reported.

Connecticut exec flees U.S. after insider trading, fraud claims, says SEC-Reuters

A Connecticut venture capital executive accused of insider trading and of cheating his clients out of tens of millions of dollars has fled the country, the U.S. Securities and Exchange Commission said.

CVC-Permira group preferred bidder for Italy's ICBPI, say sources-Reuters

The owners of Istituto Centrale Banche Popolari (ICBPI) have picked a consortium comprising private equity funds CVC Capital Partners and Permira as preferred bidder to buy the Italian banking services provider, several told Reuters.

Samena Capital buys equity stake in Kleinwort Benson's UK-based unit-Reuters

Dubai-based Samena Capital will purchase a significant equity stake in Kleinwort Benson's U.K.-based private bank unit, the private equity firm said on Tuesday.

Carlyle hires Goldman for possible Telecable stake sale, say sources-Reuters

Private equity firm Carlyle (CG.O) has hired Goldman Sachs to advise it on the possible sale of its controlling stake in Spanish telecoms operator Telecable, sources told Reuters.