Institutional investors hoping to profit from cobalt, this year's high-flying metal, are buying into companies that are smaller than their usual fare to gain exposure to an industry supplying the burgeoning electric car market, Reuters reported. Small cobalt-focused companies are mushrooming, mostly in Canada, a long-time hub for mining startups, but only one, Toronto's Cobalt 27 Capital Corp, concentrates entirely on the mineral. Cobalt 27, which in June raised $200 million in an initial public offering, the Toronto Stock Exchange's biggest mining IPO since 2012, is backed by Swiss mining private equity firm Pala Investments.
3 min read · 24 August 2017
China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life's listed arm said on Thursday.
1 min read · 24 August 2017
Deutsche Post DHL has agreed to sell its British outsourcing subsidiary Williams Lea Tag to private equity group Advent International to focus on its core logistics service business, the two companies said on Thursday.
1 min read · 24 August 2017
A consortium that includes Western Digital (WDC.O) is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's (6502.T) memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources told Reuters.
2 min read · 24 August 2017
Irish building materials firm CRH (CRH.I) has sold its U.S. distribution business to Beacon Roofing Supply Inc. (BECN.O) for $2.63 billion in cash and will use the proceeds to continue an acquisition spree elsewhere, it said on Thursday.
2 min read · 24 August 2017
Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin, Reuters reported.
2 min read · 23 August 2017
Dutch bank NIBC said on Wednesday it is reviewing its strategic options, which include a possible initial public offering of shares.
2 min read · 23 August 2017
Private equity firm Blackstone Group LP (BX.N) is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, sources told Reuters.
1 min read · 22 August 2017
UK-based online lender Prodigy Finance has raised $240 million in equity and debt funding, as it seeks to speed up its expansion in the United States, Reuters reported.
2 min read · 22 August 2017
A group of state and private companies will invest a total of 6.9 billion yuan ($1.04 billion) in COFCO Capital, a subsidiary of state-run agribusiness COFCO Group, according to a notice published on Monday on a state investment platform, Reuters reported.
1 min read · 22 August 2017
