Votorantim Cimentos, the cement manufacturer would establish an IPO through Brazilian and American depositary receipts listed at the NYSE.
Deals
Tele2 Seeking New Acquisitions
Tele2 is exploring acquisitions in Europe and Eurasia. Tele2, the Swedish telecommunications firm after its recent Russian exit, is now in search of acquisitions located in Europe and Eurasia.
CORRECTED - Standard Chartered Is Acquiring Absa's Operations
Standard Chartered has acquired the custodial and trustee operations of Absa in South Africa. (Corrects paragraph 2 to 'immaterial' instead of 'material') In an announcement, Standard Chartered would be acquiring Absa Group, the South African custodial and trustee operations of Barclays Plc.
M.Video seeking regulatory approval for proposed acquisition
M.Video, Russia's biggest electronics retailer has sought permission from government regulators as to the projected acquisition of Eldorado.
Additional US$5m Funding Raised by PowerbyProxi
PowerbyProxi raises new funds to expand its wireless power technology. Reuters reported that PowerbyProxi was able to raise an additional US$5 million of funding previously reported in VentureBeat.
Latest News
GMR Airports of India is setting up an IPO of shares for expansion and exit purposes. GMR Airports, the largest airport developer in India will be selling shares through an initial public offering in an effort to raise Rs 2,000 crore for two purposes.
Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
Hulu again engages the services of Guggenheim Partners for the possible sale of the online video streaming service site.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
ISS, once a vociferous critic, now proposes the approval of the new merger deal between MetroPCS and T-Mobile USA.
One of the biggest shareholders in Sprint-Nextel favors the bid of Dish Network over Softbank of Japan.
OPAP, the Greek gaming monopoly, received two bids according to privatization firm HRADF. One of the first privatization deals of Greece had a lukewarm response from the international market.
Oando is purchasing ConocoPhillips assets in Nigeria and many see the firm struggling to find the equity for investments purposes.
Numericable is exploring public listing to raise funds for the French cable firm. Numericable's private equity owners have asked banks to provide information and options as to a possible stock exchange listing for the firm this year.
