Reuters News

Norwegian Cruise nears $3 bln Prestige Cruises deal - Reuters

Cruise operator Norwegian Cruise Line Holdings is in talks to acquire peer Prestige Cruises International Inc for around $3 billion, writes Reuters. Apollo Global Management owns a 20 percent stake in Norwegian Cruise.

National Australia Bank subsidiary files for U.S. IPO-Reuters

Great Western Bancorp Inc, the U.S. subsidiary of National Australia Bank Ltd (NAB.AX), filed with U.S. regulators on Thursday for an initial public offering, Reuters reported.

Detroit says Barclays agrees to $275 mln financing-Reuters

Barclays Capital Inc has agreed to raise up to $275 million to fund Detroit's exit from municipal bankruptcy, the city announced on Thursday.

Car parts distributor Transtar up for sale, say sources-Reuters

Transtar Industries Inc, a U.S. distributor of replacement car parts, is exploring a sale that it hopes could value the company at as much as $1 billion, including debt, sources told Reuters.

China's Hony Capital to buy 12.43 pct stake in Shanghai hotel-Reuters

Hony Capital, one of China's biggest private equity firms, has agreed to buy a 15 billion yuan ($246 million) stake in Shanghai Jin Jiang International Hotels Development Co, the hotel company said on Thursday.

Tiger Global leads $65 million funding in Indian messaging app Hike-Reuters

Indian mobile messaging service provider Hike said it raised $65 million in fresh funding, led by New York-based investment firm Tiger Global, to spend on its product and expand its team, Reuters reported.

Online peer-to-peer banker LendingClub files for IPO-Reuters

LendingClub Corp, the world's largest online marketplace directly connecting borrowers and investors, filed with U.S. regulators for an initial public offering of common stock, Reuters reported.

Japan's Skylark to offer up to $1.1 bln in shares in Tokyo IPO-Reuters

Japan's Skylark Co Ltd will list on the Tokyo Stock Exchange on Oct. 9 in an initial public offering worth up to $1.1 billion, marking the restaurant operator's return to the market three years after it was taken private by Bain Capital, Reuters reported.

China Huarong says Goldman, Warburg, others to buy $2.4 bln stake-Reuters

China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion), Reuters reported.

Carlyle in advanced talks to buy into Vanke's China shopping malls, say sources-Reuters

Global private equity firm Carlyle Group is in advanced talks with China Vanke Co Ltd, the country's largest property developer, to buy stakes in nine of its shopping malls, sources told Reuters.