Exits

Morgan Stanley to sell India mutual funds assets to HDFC

Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life, becoming the latest foreign asset manager to quit India.

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Australia's Goodman Fielder exits biscuit business at loss to Green Foods for $17M

As part of its goal to offload non-core assets, Australia-based food company Goodman Fielder had sold its biscuit business at a loss to Green's Foods in a deal valued at $17 million.

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Kazakhstan to sell equal-sized stakes in BTA Bank to Kazkommertsbank, Kenes Rakishev for undisclosed sum

Samruk-Kazyna, Kazakhstan's sovereign wealth fund, on Monday struck a deal to sell equal-sized stakes in its BTA Bank. Its holding in the country's third-biggest bank will be sold to Kazkommertsbank and businessman Kenes Rakishev for an undisclosed sum.

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Rhoen-Klinukum expecting green light from German antitrust regulators on the proposed sale of its assets to rival Fresenius SE & Co. in early 2014

Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.

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CSI Holdco sells two solar power plants to PSEG subsidiary

CSI Holdco, a subsidiary of Canadian Solar Inc, has exited two solar power plants called the PSEG Shasta Solar Farm to PSEG Solar Source, subsidiary of Public Service Enterprise Group.

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Monte Paschi's top shareholder nears deal to sell its 20pct stake as shareholder meeting looms

Fondazione Monte dei Paschi, Banca Monte dei Paschi di Siena's top shareholder, is reportedly nearing a deal to divest its 20% stake in the Italian bank to three other banking foundations and a group of investment funds.

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Tribune to meet California's Rep. Henry Waxman to discuss concerns over spinoff's impact on Los Angeles Times

Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.

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Shareholders to give Time Warner Cable the will to reject Charter Communications' $62B offer

Time Warner Cable's 462% total returns may help convince its shareholders to reject Charter Communications' $62 billion offer or to not press for a sale. Time Warner Cable is seeking a takeover bid of $150 per share.

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Hyundai Merchant shares jump the most after parent Hyundai Group announced $3.1B asset sale

Shares of Hyundai Merchant Marine jumped the most among shares of Hyundai Group companies following the conglomerate's announcement that it will sell assets to raise $3.1 billion to repay bonds due in two years.

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BARRICK ANNOUNCES AGREEMENT TO DIVEST PLUTONIC MINE IN AUSTRALIA

BARRICK ANNOUNCES AGREEMENT TO DIVEST PLUTONIC MINE IN AUSTRALIA

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Spain's Sabadell sells 15.8pct stake in Dominican Republic lender Centro Financiero for $156M

Banco de Sabadell on Friday announced that it has sold its 15.8% stake in Dominican Republic's Centro Financiero BHD for $156 million. Sabadell also recently exited its holdings in Grupo BHD, Centro Partner Group, Twins Investment Partners and Grupo Financiero Leon.

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Canadian gold miner Claude sells Madsen Gold Project to Laurentian Goldfields for a combination of cash and equity

Claude Resources has agreed to sell its Madsen Gold Project to Laurentian Goldfields for about C$9 million in cash. Claude will also receive shares representing 19.9% shares outstanding in Laurentian as part of the deal.

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BlackBerry's outsourcing plan with Foxconn paves way for transformation to a services firm- report

The deal that BlackBerry has made with Foxconn Group to outsource the making of its handsets is a sign that the smartphone company is evolving into a services firm, Bloomberg reported.

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Forbes Media seeks $400 million-plus sale

Owners of Forbes Media is reportedly seeking $400 million to $500 million in its sale. However, sources value the Forbes magazine and Forbes.com publisher at $200 million given its EBITDA of $20 million last year.

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Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam

Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil

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