According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.
Deals
Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others
Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
Structured investments by US banks jump to USD69 billion in third quarter - FDIC
New data released by the US Federal Deposit Insurance Corporation reflected the increasing activity in structured products purchases by US banks to offset effects of low interest rates.
Intuit partners with Capital One, Wells Fargo to provide access to customer financial data
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.
Shore Capital unveils plans for new institutional-based fund next year, earns 67% IRR with Axela sale
Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.
Latest News
The European Bank for Reconstruction and Development latest EUR20 million capital infusion into the Baltic region through BaltCap Private Equity Fund II, L.P. aimed to help small and medium-sized businesses and small mid-cap firms with much-needed long-term financing.
BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.
Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.
Because Japan's central bank absorbs JPY7 trillion worth of debt, primary dealers of Japanese government bonds are not concerned over plans of Government Pension Investment Fund to reduce its government debt holding.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.
Illinois-based giant pork producer The Mashhoffs inked a definitive agreement to acquire Midwest poultry producer GNP Company in a deal that will provide the capital that GNP needs for its growth.
Sources told Bloomberg that Beijing-based insurance firm Anbang Insurance Group was thinking of offering a bid for Hong Kong's Wing Hang Bank Ltd even though an Anbang press official said the company has no plans to purchase the lender.
