A group of investors led by Alan Hughes stated that they are prepared to purchase 315 bank branches for GBP1 billion from the Royal Bank of Scotland.
Deals
Northstar Group buys ERA Realty Network
Northstar Group announced it had bought ERA Realty Network for US$100 million. Northstar Group, an Indonesian private equity firm, revealed it had obtained ERA Realty Network for over US$100 million.
Guy Hands to sell Infinis
Guy Hands stated they were mulling either a float on the London stock exchange or an outright sale of Infinis.
Red Fort Capital to launch new fund
Sources said Red Fort Capital is to launch a real estate fund worth between US$500 million and US$750 million.
Quick Heal to go public
Quick Heal revealed its plans to go public next year. Quick Heal Technologies, a security software developer, announced it intends to launch an initial public share offering in India.
Latest News
HealthCare Global and DM Healthcare revealed that they have offered separate bids for the Actis owned Sterling Hospitals.
Marubeni stated that their latest deal into the renewable energy industry was to acquire a 25% stake in Mainstream.
The sale of 92% of Bulgarian pension fund Doverie is now being flagged for the lack of documentation and information.
John Henry, owner of the Boston Red Sox, has purchased another Boston icon, the Boston Globe. The principal owner of the fabled Boston Red Sox, business tycoon John Henry, had entered into an agreement to purchase The Boston Globe for the price tag of US$70 million.
After fearing US sanctions, Pakistan decided to ask Iran's government to finance a USD8.1 billion gas pipeline project.
The Florida Office of Financial Regulation closed down the First Community Bank of Southwest Florida in Fort Myers.
Barron's said the second quarter of 2013 is the golden era for IPOs. The second quarter of 2013 showed a lot of companies presented their initial public offerings (IPO).
Luxury wine brands said they will be investing in China. Big names in the wine industry such as Chateau Lafite-Rothschild and Dom Perignon announced today that they will pursue investments in China's rural areas.
Analysts in the car industry said they are expecting high car sales for July. As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July.
