Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
Deals
Investcorp purchases Paper Source for an undisclosed amount
Private equity firm Investcorp had purchased paper products company Paper Source for an unspecified amount.
Sycamore, KKR to bid on Jones Group - report
According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.
Rosneft expects to hit analysts expectations after TNK-BP deal
Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.
News of Gazprom divesting shares leads to rise of Amber Grid
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Latest News
Patrizia Immobilien announced it had agreed to buy 36 offices valued at EUR 800 million from CA Immobilien Anlagen.
Russian Presidential aide Yury Ushakov told reporters that state-backed nuclear company Rosatom would be signing an agreement with Fennovoima for the construction of a nuclear power plant.
Fairfax Holdings formalized a bid for BlackBerry at USD9 per share. In a surprise announcement, smartphone manufacturer BlackBerry had entered into an agreement to go private through a USD4.
A unit of China Investment Co, Chengdong Investment Corp, converted its Uralkali bond purchase to stock.
Boeing may well be the winner of the KRW 8.3 trillion or USD 7.7 billion South Korea fighter jet tender, a source told Reuters.
Today, Dealertrack announced signing an agreement to acquire VINtek in a deal valued approximately USD53.4 million.
B2Gold Corp said the company had seen good deals for possible acquisitions in the next 12 months, according to a Bloomberg report.
AXA Private Equity said it had been considering the sale of its natural ingredient maker Diana for a deal valued around EUR1 billion.
The proposed settlement for healthcare benefits claim of Peabody Energy Corp was rejected by the United Mine Workers of America.
