Zhang led investment group buying stake in GM building in Manhattan. A consortium of investors from China is in talks to purchase a 40% stake in General Motors building located in Manhattan.
Deals
KKR Purchases Gardner Denver amidst Valuation Issues
KKR buys Gardner Denver for US$3.74 billion. Gardner Denver Inc had agreed to be sold to KKR and Co LP for the price of US$3. 74 billion. Industry experts though still have lingering doubts as to the valuation of the company as it was undeevalued because of the sale.
TPG Seeking Investors as Assets Reach US$2billion
TPG's real estate expansion reaping dividends. Two years into its expansion into real estate, TPG Capital has been able to parlay US$2 billion worth of equity investments in properties.
Numeric Investors is for Sale
Numeric Investors is a fund manager that is putting itself up for sale. According to Mike Even, Numeric Investors President and CEO said that it is putting the firm up for sale.
PICC to list in Shanghai Index
PICC lists in Shanghai index after HK index. According to People's Insurance Company of China Group's Chairman Wu Yan, it would be completing an A share listing by the third quarter of 2013.
Latest News
TPG Capital to pay Bob Ingham Aus$ 1 billion for Ingham Enterprises. Bob Ingham announced Saturday that TPG Capital, a private equity firm, won the bidding for the acquisition of Ingham Enterprises, Australia's largest poultry firm.
Based on a TV news report, Jet Airways shares jumped as Etihad supposedly would purchase 13% interest.
Qatar set to sell three year and five year bills and bonds worth QR4 billion. Qatar is set to sell QR4 billion or US$1. 1 billion in three year and five year bills and sukuk bonds.
Xstrata CEO to set up private mining fund when he leaves company after Glencore takeover. After Glencore International takes over Xstrata Plc, former top management of Xstrata are planning their next move.
News Corp pushes through with separation of businesses into News Corp for publishing and Fox Group for entertainment.
Carfax will either be sold, put on IPO or be subject of acquisitions for its future. The owner of the used-car history provider Carfax, R. L. Polk and Co is exploring its financial options.
ENI denies rumors and reaffirms official stands through Chairman Giuseppe Rechhi. The Italian state oil company ENI has not table any plan to consider the spin-off of its services unit, Saipem.
Shareholders respond to call for more funds for Talvivaara. Talvivaara, the nickel mining company from Finland has asked its shareholders for Eur261 million to pay for the cost of keeping the mine running in light of its penalties from a waste water leak incident.
Chesapeake needs to raise cash, chooses to sell off properties. The US natural gas producer Chesapeake Energy Corp would need to sell as much as US$7billion in order to make up for a projected cash funding issue.
