Weather New York, NY +80°F


Northwestern Mutual Life Insurance Co.

Northwestern Mutual mulls over sale of subsidiary Russell Investments -sources

Northwestern Mutual Life Insurance Co. is reportedly looking to sell its asset management business Russell Investments, citing that it is not a core part of its business. Russell Investments has $247 billion in assets under management.

Read Full Article
Kirin Holdings Ltd

Japan's Kirin has no plans to exit Warrnambool stake

Japan-based food and beverage giant Kirin Holdings Ltd has no plans to sell its 9.99% holding in Warrnambool Cheese and Butter Factory Ltd to Canadian firm Saputo Inc as it wants to secure a cheese supply agreement with the latter.

Read Full Article
WellPoint Inc.

WellPoint to sell online contact lens business to private equity firm Thomas H. Lee Partners

Health insurer WellPoint Inc. on Tuesday announced that it would sell its online contact lens business 1-800 Contacts to private equity firm Thomas H. Lee Partners for an undisclosed sum. WellPoint bought 1-800 Contacts for about $900 million.

Read Full Article
Bourbon SA

Paris's Bourbon sells vessels to China's ICBC Financial Leasing

Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported.

Read Full Article
A.P. Moeller Maersk AS

Danish shipping firm Maersk cuts stake in Dansk Supermarked, F. Salling

Denmark-based oil and shipping conglomerate AP Moeller Maersk AS said it will reduce its ownership in Dansk Supermarked and F. Salling in a deal that will generate proceeds of about DKK17 billion.

Read Full Article
Coal India Ltd

State scraps plan to sell Coal India stake -FinMin

The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.

Read Full Article
Marubeni Corp

Marubeni divests Aussie power plant stake to South Korean buyer -source

Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.

Read Full Article
Royal Dutch Shell PLC

Shell, BP mulling over sale of oil refineries, petrol stations in Australia

Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.

Read Full Article
Nestle SA

Nestle sells US pasta maker Joseph's Pasta to Brynwood Partners

World food giant Nestle has sold its US frozen pasta business Joseph's Pasta Co. to private equity firm Brynwood Partners VII. Nestle acquired the Haverhill, Massachusetts pasta marker in 2006.

Read Full Article
Arle Capital Partners Ltd

UK firm Arle Capital eyes sale or listing of oil business -report

London, UK-based private equity group Arle Capital Partners is planning either an exit or a listing of its British oil services company Expro this year, according to a report citing inside sources.

Read Full Article
Sharp Corp

Japan's Sharp Corp extends reforms with plans for asset sales

Sharp Corp President Kozo Takahashi said the Japanese company intends to sell plants and stock holdings as it extends the reforms it had started in 2013, Bloomberg reported.

Read Full Article

Belgium's Arseus exits healthcare supplies business to Henry Schein for €50M

Arseus, a Belgium-based healthcare group, said it has sold its Dentals software Julie, Arseus Dental Lab, Arseus Dental Solutions Benelux and Arseus Dental Solutions France Ouest to Henry Schein Inc for €50 million.

Read Full Article
United Dairy Power

Australia's United Dairy seeks stake sale

United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.

Read Full Article
Commerzbank AG

Commerzbank sees opportunity to expand wealth management business following Credit Suisse's German bank exit

Commerzbank is anticipating opportunities to expand its wealth management business after Swiss Credit Suisse Group sold its private bank in Germany to Bethmann Bank last month.

Read Full Article
Advantage Rent A Car

Private equity firm Catalyst Capital gets go ahead for Advantage Rent A Car takeover

A Mississippi bankruptcy judge on Friday approved the sale of bankrupt car rental company Advantage Rent A Car to Canadian private equity firm Catalyst Capital Group.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics