South Korean fund mulls $1B Bank of America stake sale -report

South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.

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France divests $614M Airbus stake

The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.

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Marvell says not in talks with shareholder KKR on a buyout

Marvell Technology Group Ltd on Wednesday said it is not in talks with KKR & Co on a major transaction such as a buyout, a little over two weeks after the private equity firm reported a 6.8 percent stake.

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Sandell Asset Management renews call for breakup of Greyhound unit

New York-based investment firm Sandell Asset Management has again pressured FirstGroup, the owner of Greyhound bus, to split the company and revamp its operations, Bloomberg reported.

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Vietnam to exit stakes in airline, state-owned firms

The Vietnamese government plans to exit its stakes in 11 state-owned companies under the transport ministry via stock market listings to boost economic productivity and growth.

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Bahrain's GFH agrees to sell part of Leeds United stake

Bahrain-based investment firm Gulf Finance House (GFH) agreed to sell part of its stake in West Yorkshire-based soccer club Leeds United for an undisclosed amount.

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US apparel retailer Aeropostale approaches private equity firms to explore exit -Bloomberg

New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.

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Mobius still betting on Thai investments even after first largest drop in 14 years- report

Emerging markets fund manager Mark Mobius is still betting heavily on Thailand, despite his Asia fund's largest decline in more than a decade, according to reports.

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GAO upholds challenge from losing bidder, says SAIC Inc spinoff invalidates NASA contract

The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.

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UBS AG's Ermotti denies spinoff of investment banking operations

UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.

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Alcatel-Lucent in talks to divest enterprise business- sources

Alcatel-Lucent is in talks with interested buyers, including Unify GmbH & Co. KG, for the sale of its enterprise business, according to sources interviewed by Bloomberg.

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Activist investors seek overhaul of property portfolio of British grocery chain Wm Morrison- report

Activist investors like Elliott Associates are seeking for an overhaul of the property portfolio of Wm Morrison, the fourth largest supermarket chain in Britain, the Financial Times reported.

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Report says Australia's Telstra Corp in talks to divest Sensis in $2.7B deal

A report from the Australian Financial Review said Telstra Corp, the largest phone company in Australia, is already in the advanced stages of talks with a private equity firm to sell Sensis in a deal worth $2.7 billion, Reuters reported.

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US bankruptcy judge rejects Fikser's planned sale to Hong Kong billionaire Richard Li

Judge Kevin Gross of the US Bankruptcy Court in Wilmington, Delaware on Friday rejected a planned sale of Fisker Automotive to Hong Kong businessman Richard Li. Gross ruled in favor a competitive bidding between Li and Chinese auto parts maker Wanxiang Group instead.

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