Philippines' Aboitiz Group completes exit from shipping business

Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.

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KKR & Co liquidates two funds focused on individual investors

Private equity giant KKR will be withdrawing two funds targeted for individual investors, a move that is seen as a blow to its efforts to grow its product offerings beyond institutional investors, Reuters reported.

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French firm Accor plans on selling its full stake in Mumbai BKC hotel

Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.

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Nestle looking at options to reduce L'Oreal stake: Bloomberg

Nestle, the world's biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L'Oreal, Bloomberg reported on Saturday, citing sources with knowledge of the matter.

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Bebe Stores Inc eyes private equity firms for possible sale- sources

Brisbane, Californian-based women's retailer Bebe Stores Inc is thinking of selling the company and is reaching out to private equity firms, according to people interviewed by Reuters.

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IBM aims to look for chip business joint venture as sale plans fail- sources

As plans to look for a buyer for its chip manufacturing business fail, IBM is said to be looking for a joint venture partner for the operations, according to sources interviewed by Bloomberg.

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Big-name mutual funds in Wall Street suffer a decline in emerging markets

Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.

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MPC Synergy Real Estate to exit investments in India-based Akme Projects- sources

MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.

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Sony Corp in talks with investment fund to divest Vaio PC division- source

Sony Corp is discussing with buyout firm Japan Industrial Partners for a potential sale of its loss-making Vaio personal computer business, a source interviewed by Reuters said.

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India's PSU banks initiates move to offload stake in CARE Ratings -source

India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.

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Lone Star taps BoFA, Rothschild for IKB sale as Euro stress test pressures firm

According to Reuters, Lone Star is itching to exit from German bank IKB as European Central Bank and the European Banking Authority will begin to run mandatory health tests in banks this year.

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Rhode Island to pull out pension fund from Daniel Loeb's Third Point

Activist investor Daniel Loeb's Third Point Llc can no longer count on Rhode Island as one of its clients after the state's Investment Commission voted to pull out its investment in the hedge fund, Reuters reported.

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Principal of Ontario's CleanTech steps down, exits stake to avoid conflict

Andrew Horsman, the principal of Canada-based green technology firm CleanTech Capital Inc resigned and is exiting his stake after the investment was reported by the Star, to avoid conflict of interest with his position as the head of the tire recycling programs in Ontario.

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Oakhurst Dairy sold to Missouri co-op Dairy Farmers of America

Northern England, US-based milk processor Oakhurst Dairy was sold to Kansas City, Missouri-based dairy farmer-owned cooperative Dairy Farmers of America (DFA) for an undisclosed sum because of the absence of a suitable person to run he business.

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Ackman's Pershing Square Capital Management sells 7.3 million Beam Inc shares

A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.

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