LeapFrog Investments exited from Express Life, a Ghanaian insurer, by selling a majority stake it held in the firm to Prudential Plc for an undisclosed amount.
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VTB of Russia gets USD1.2 billion from its 50% stake divestment in Tele2
According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.
Abe's cabinet approves USD182 billion economic stimulus plan for Japan
The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.
Carlsberg acquires controlling stake in Chongqing Brewery for USD476 million
Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.
Passport Capital gains from surging Chinese internet stocks- report
A boom in Chinese internet stocks helped propel San Francisco-based hedge fund to double digit gains this year when other hedge funds have given dull returns, according to a Reuters report.
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French building materials business Materis is reportedly in an advanced stage of negotiations to sell its business unit Kerneos. Investment firm Astorg Partners will acquire Kerneos for EUR610 million.
Private equity firm KKR agrees to a restructuring deal for Germany-based car repair chain Auto-Teil Unger or ATU through a debt-for-equity swap with the latter's main creditors.
A source told Bloomberg that property investment and development company Heron International Ltd will be selling a penthouse in its residential tower in London for GBP 18 million.
Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.
The San Francisco Bay Conservation and Development Commission said it will be looking into whether Google Inc had the complied with the necessary paperwork to build its barge project on Treasure Island.
German pharmaceutical company Merck KGaA will acquire AZ Electronic Materials for GBP1.6 billion. Merck will pay AZ's existing stockholders GBP403.5 in cash for each share.
Glencore Xtrata PLC, led by its chief executive officer Ivan Glasenberg, will be committing more capital in thermal coal than rivals BHP Billiton Ltd., Rio Tinto Group and Anglo American PLC.
UK-based independent private equity firm Vitruvian Partners closed USD1.6 billion (EUR1.2 billion) in a fundraising round for its second fund, the Vitruvian Investment Partnership II (VIP II).
BNP Paribas, the largest bank in France, said it will be buying Bank Gospodarki Zywnosciowej, the Polish arm of Dutch bank Rabobank Groep, for EUR 1 billion.
