ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.
Deals
Barclays sells 94.6% of rights offering at GBP472 million
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
Finmeccanica approves sale of Ansaldo Energia stake to state lender - government official
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
China Minmetals passes first-round bid to buy Glencore-Xstrata's Las Bambas mine
China Minmetals managing director Gu Liangmin said the company would be careful about their decision to buy the Las Bambas copper mine of Glencore-Xstrata.
Severstal halts steel deals lookout, will focus on US growth - CEO
Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.
Latest News
Travellers International Hotel Group would be reducing the price of its IPO from PHP 23.38 per share to PHP 11.88.
The most anticipated public listing of Twitter Inc would be led by Goldman Sachs Group Inc, said a Bloomberg report.
American Pacific Corp had been considering to put itself on sale, according to three sources familiar with the matter.
According to sources, Giant Tiger Stores had been exploring the option to exit the company through a sale that could fetch USD800 million.
Air New Zealand said on Friday it would increase its stake in Virgin Australia Holdings Ltd. On Friday, Air New Zealand said it would increase its stake in Virgin Australia Holdings Ltd.
SAC Capital Advisors, led by billionaire Steve A. Cohen, had been in discussion with potential buyers to sell its reinsurance business, according to sources.
Oracle Corp Chief Executive Officer Larry Ellison had agreed to give up a possible payout. Larry Ellison, Oracle Corp's CEO, had agreed to give up potential payout valued approximately USD500 million.
RadioShack had received several new financing offers from Bank of America and Wells Fargo, said a Reuters report.
Potbelly gained USD105 million in its IPO, which would be used for dividend and debt payouts. Potbelly Corp, the company that sells made to order toasted sandwiches, had raised nearly USD105 million in its IPO in the United States.
