Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.
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Australia's largest oil and gas producer BHP Billiton said it is interested in expanding to the Caribbean nation of Trinidad and Tobago despite some of its asset sales, according to a Bloomberg report.
HSBC Holdings PLC has put up for sale its 8% stake in Bank of Shanghai Co. HSBC sold its holding in the Chinese bank to Spain's Santandar SA for an undisclosed sum.
Chilean business tycoon and billionaire Alvaro Saieh said no proceeds that will be raised from an eventual stake sale of Corpbanca will be utilized to fund it sister firm SMU SA, a Bloomberg report said.
Belgian postal group BPost said on Tuesday that its private equity backers, which still owned a 19.7 percent stake in the group after it was floated in June, would sell their shares in an accelerated bookbuild.
Sources disclosed to IFR that Chinese waste management and energy company China Everbright International Ltd will be floating 430 million new shares to raise up to HKD3.75 billion or USD484 million.
Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.
Russian state-controlled telecom firm Rostelecom could sell up to RUB46 billion (USD1.4 billion) worth of shares in a secondary stock offering next year to help cut its debt.
Gold miner Centamin Plc has announced a USD40.9 million takeover offer for Perth-based mining firm Ampella Mining Ltd, in a deal that values Ampella shares at USD0.16 apiece.
UK-based lender Lloyds Banking Group PLC is offloading its remaining 21% stake in the investment firm St. James's Place for GBP95 million after progressively selling its stake down.
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.
The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.
ValueClick, Inc. today announced that it has agreed to sell 100 percent of its Owned and Operated Websites (O&O) segment to IAC.
Adobe Systems Inc and other major software providers like Microsoft Corp and SAP had to shift its priority to cloud software after experiencing lackluster sales in their hardware-dependent software products.
