Exits

Mizuho targets hedge funds as Japan bonds trade below value

Mizuho Financial Group Inc were said to be focusing on hedge funds as its potential buyers of corporate bonds at the height of the securities trading at below face values, Bloomberg said in its report.

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Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks

The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.

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Romania's Fondul Proprietatea exits from entire stake in Transgaz

Fondul Proprietatea on Thursday said it has put up for sale its 15% stake in state-owned gas grid operator Transgaz SA. The Romanian restitution fund raised RON303.5 million in its exit deal.

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Private equity firm Actis divests stake in Sterling Hospital to Chairman Girish Patel

Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.

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Ireland's National Pension Reserve Fund to seek buyer for private equity holdings- report

The Irish Times reported that the National Pension Reserve Fund of Ireland or NPRF is believed to be mulling a sale for its private equity investments.

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Peugeot enters final talks on €3.5 billion share sale

French automobile manufacturer PSA Peugeot Citroen is nearing a €3.5 billion share sale deal with Chinese carmaker Dongfeng Motor Co. and the government of France. Under the terms of the deal, Dongfeng and the French state will each hold a 20% stake in Peugeot.

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Hellman & Friedman, JMI Equity mull over Kronos sale

Private equity firms Hellman & Friedman LLC and JMI Equity are reportedly looking to sell workforce management software company Kronos Inc. The two investment firms privatized Kronos in 2007 for $1.8 billion.

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As Fed looms, Morgan Stanley sets sale of US oil terminal business

Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

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THINKSMART LTD SAYS AUSTRALIAN BUSINESS TO BE SOLD TO FLEXIGROUP LIMITED FOR $43 MILLION

Thinksmart LTD sells Australian business for $43M Says Australian business to be sold to FlexiGroup Limited for $43 million

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Cisco receives investor pressure to divest its TV set-top box business

Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.

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ITV sells last of its stake in Scottish broadcaster STV for £7.5 million

London-based broadcaster ITV Plc has sold its remaining 6.79% stake in Scotland-based broadcaster STV for £7.5 million, severing a shareholder relationship that goes back to the 1990s.

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Sanjeev Aga divests 5,000 shares in Idea Cellular for INR8.81 lakh

Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.

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FirstGroup rejects hedge fund call for company breakup and asset sales

UK-based FirstGroup said no to the proposal of hedge fund Sandell Asset Management to split the company and sell assets, saying the plan contained a number of structural flaws and inaccuracies, a Bloomberg report said.

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Sandell Asset Management urges FirstGroup to sell US businesses- report

A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.

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