Reuters News

Swiss bank ZKB says will buy asset manager Swisscanto-Reuters

Switzerland's Zuercher Kantonalbank (ZKB) has agreed to a deal to buy asset manager Swisscanto from the other Swiss cantonal banks, ZKB said in a statement on Thursday.

Hilton Worldwide in talks to buy four hotels - Bloomberg

Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported.

AAR lines up potential $988 mln sale of cargo firm Telair, say sources-Reuters

U.S. aviation support company AAR Corp has begun the sale of cargo handler Telair in a deal that could value the German business at up to 800 million euros ($988 million), sources told Reuters.

JH Partners sells part of stake in jewelry company Alex & Ani-Reuters

JH Partners has sold part of its ownership in jewelry company Alex & Ani, the private equity firm said on Monday.

Temasek buys stake in U.S. electronic trading firm Virtu-Reuters

Singapore state investor Temasek Holdings has agreed to buy a minority stake in Virtu Financial Inc, the New York-based electronic dealing firm said on Monday, in a bet on the growth of automated trading globally.

Denmark's TDC weighs bid for Swedish cable firm Com Hem, say sources-Reuters

TDC (TDC.CO), Denmark's biggest telecoms network operator, is weighing a bid for Swedish cable firm Com Hem (COMH.ST), as it seeks to expand across the Nordic region, sources told Reuters.

Camden Market goes from T-shirts to shares with London listing-Reuters

The owner of London's Camden Market, a popular destination for young tourists buying retro clothing, is to list on the city's stock exchange this month and raise up to 100 million pounds ($155 million), Reuters reported.

I Squared Capital to buy Indian toll road from Malaysia's IJM Corp-Reuters

Private equity firm I Squared Capital said it would buy a 109 km toll road from Malaysia's IJM Corp Bhd that connects two key touristic destination cities in northwestern India, Reuters reported.

Obamacare helps private equity get its rehab clinic fix: Reuters

Investors are pouring money into the operators of U.S. rehab centers as many more Americans get health care coverage for addiction treatment, driving up valuations and triggering a consolidation of businesses in the fragmented sector.

Asset managers to invest $14 bln in UK firms and projects-Reuters

Six asset managers will put about 9 billion pounds ($14 billion) over the next five years into high-yielding investments in British companies, schools and roads following tax changes, a funds industry body said on Thursday.