UK-based investor Utilico Investments has reduced its stake in New Zealand-based energy business operator Infratil through the company's buyback program and a share sale on the market.
Deals
Ex-Perry Asia Head nabs USD1.1 billion for his new distressed-assets fund - sources
The second fund, which is run by former regional head of New York-based hedge fund Perry Capital LLC Alp Ercil, is targeting to raise USD1.1 billion to invest in distressed assets in Asia.
Alibaba to buy stakes in Haier Electronics, Qingdao Haier Logistics
China's biggest e-commerce firm, Alibaba Group Holdings, will be buying stakes in Haier Electronics Group and Qingdao Haier Logistics Co, according to a report by Bloomberg.
State-owned firms to lead China IPOs next year as 15-year ban on listings end- sources
Chinese state-owned firms are expected to lead the initial public offerings in the mainland next year after the lifting of the temporary ban on public share sales by the government, according to sources interviews by Bloomberg.
Chanel acquires tannery in France
Luxury fashion house Chanel has acquired the Bodin-Joyeux tannery based in Levrous, France, in a bid to maintain the world-class quality of the fashion company's leathers.
Latest News
UK-based mobile game maker King has delayed its initial public offering (IPO) until 2014 amid fears that its flagship game, Candy Crush Saga, is just a "one hit wonder," said UK-based newspaper.
Bankers told the Financial Times that the news of HSBC's planned spinoff of its UK unit logically follows the ringfencing requirements that will be part of the UK Banking Reform Bill about to be passed through the British parliament.
The New South Wales government will be selling the assets of Green State Power to fund new infrastructure projects in the state, with the deadline for expressions of interest set on January 28.
Together with international asset chaser Martin Kenney, New York-based hedge fund Platinum Partners is planning to invest in the recovery of Brazilian fraud claims, a report from the Financial Times said.
Institutional investors were putting more money to private equity funds as they bet on improved dealmaking in the next two years, according to a report.
New Zealand-based tertiary textbook firm Bennetts Group has bought the assets of travel and accommodation guide publisher Jasons Travel Media in a deal with undisclosed financial details.
Bob Diamond, the former Chief Executive of Barclays, will be returning to banking by listing a company that will be investing in the African financial sector, a source interviewed by Reuters said.
Washington-based law firms Silver, Freedman & Taff and Elias, Matz, Tiernan & Herrick have announced their intentions to merge on January 1 and the combined company will be called Silver, Freedman, Taff & Tiernan.
Telecom Corp Ltd has offloaded its Australian AAPT unit to TPG Telecom Ltd UDS450 million to initially repay debt and focus on its operations in New Zealand.
