News Corp pushes through with separation of businesses into News Corp for publishing and Fox Group for entertainment.
Asia/Pacific
Sistema Shyam Wins Bid
Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.
Matahari launched to US$1.36 Billion Offering
Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.
Galadari Bros to Oversee Baskin- Robbins Down Under Expansion
UAE company manages Australian expansion of Baskin-Robbins. The world's most well-known and largest chain of ice cream specialty shop, Baskin-Robbins, has released a statement regarding its plans to open another 200 shops in Australia.
PICC to list in Shanghai Index
PICC lists in Shanghai index after HK index. According to People's Insurance Company of China Group's Chairman Wu Yan, it would be completing an A share listing by the third quarter of 2013.
Latest News
Pantaloon has agreed to shed off its 22.5% in a life insurance venture it has with Italian Assicurazioni Generali.
Private equity companies are calling to the Japanese government for the limited role of the country's two largest government funds which have been successful in taking over companies.
Hon Hai Precision Industry Co. Ltd. said that it will not pursue its investment in Japan's Sharp Corp. by a deadline set on March 26 after both companies failed to revise an earlier agreement, the Asahi newspaper said.
The interest of CVC Capital Partners is being sold in the market drawing much interest. CVC Capital Partners, who is backed up by Och-Ziff Capital Management Group LLC and Schroders, the asset manager, has raised US$200 million in pledges.
The listing of Mando's Chinese unit would be done in the Hong Kong bourse. The largest unit of the Halla Group of South Korea is planning to undertake an initial public offering of its Chinese unit.
Ingham Chicken get bids from private equity firms. Final bids have been placed for Inghams Chicken, Australia's biggest poultry producer and two of the front runners are US private equity firms Blackstone Group LP and TPG Capital.
Sharp is lining up share sales and selling off assets to help pay off its bond issue due on September.
DP World sells assets in Hong Kong to find other emerging markets. One of the largest ports operators in the world DP World Ltd is now in the process of selling its stakes in a logistics hub and two container terminals located in Hong Kong.
Tiger Airways seeking partner for intra city flights and cargo operations in India. Tiger Airways, the low cost Singapore based air carrier is exploring possibilities to tie up with an India based airline to offer intra-city air travel in India.
