GTS Central Europe would provide expanded services through landline infrastructure to its purchaser Deutsche Telekom.
Deals
Private equity firm Hopu makes a comeback after a two-year lull
Private equity firm Hopu Investment Management Co. raised a new fund with USD 1.1 billion under management. Hopy re-entered the investment business after a two-year lull.
DesignCrowd wins USD3 million from investors to grow its freelance platform in the US
Sydney, Australia-based DesignCrowd claimed that its crowdsourcing marketplace was more fair and transparent to freeland designers, and intended to expand its business in the US.
Jessica Alba's The Honest Company raises USD25 million in funding
The USD25 million funding Jessica Alba's The Honest Company had raised would go towards implementing its growth plans, including a potential expansion in the Canadian market.
Foreign investors prefer financial investors - QFII survey
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
Latest News
Yashili closed at HKD4.45 per share, the highest since its IPO in 2010, after investors agreed to buy company shares.
Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.
Limitations on funding had prevented technology startups in Africa to grow, according to a Reuters report.
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
A 68-megawatt portfolio of biomass power plants located in New South Wales, Australia was acquired by Asset manager, Capital Dynamics.
Octopus Investments led the seed round, which raised more than GBP 700,000 for Uniplaces. Student accommodation website Uniplaces was able to raise more than GBP 700,000 in seed funds.
