Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer. Banesco bet out five other rivals in the auction.
Investors
GT Capital purchases 40.7% of Toyota dealership in the Philippines
Philippine-based conglomerate GT Capital Holdings Inc bought more than 40% of car dealership Toyota Manila Bay Corp (TMBC) in a deal valued at PHP502.25 million.
Carlyle, KKR advance in the bidding for Transpacific Industries' waste management unit
US-based private equity firms Carlyle Group and KKR & Co and Australian investment firm Archer Capital have advanced in the sale of Transpacific Industries Group's waste management business. The three firms are working with banks to put together loan packages to back their bids.
Bloomberg report says Jack Ma, Zhang Jindong poised to shake up China's wireless market
A Bloomberg report said Jack Ma and Zhang Jindong may be allowed to create phone companies in China with the possible issuance of their licenses this month.
Carlyle Group gains paper profits on Chinese funeral firm's gain in Hong Kong trading debut
Private equity firm Carlyle Group generated paper profits on its week-long investment in Chinese funeral company Fu Shou Yuan International Group Ltd after the latter gave a strong debut in Hong Kong trading.
Latest News
Qatar's Al Jazeera is mulling over a bid for a controlling stake Turkish pay-TV company Digiturk. Digiturk is an Istanbul-based satellite TV provider with an enterprise value of $1.5 billion.
According to Nordea Bank, Norway-based Atlantic salmon farmer Marine Harvest will be leading the consolidation of the seafood industry as fish prices improve, Bloomberg reported.
3D printing company 3D Systems has bought the solid ink product design, chemistry, and engineering teams of Xerox in Wilsonville, Oregon for $32.5 million, according to a press release.
Bristol-Myers Squibb is reportedly exiting its stake in a diabetes joint venture with AstraZeneca for $3 billion. Bristol-Myers shifted its focus from producing diabetes and hepatitis C treatment drugs to medicines harnessing the immune system to fight cancer.
Banco Sabadell, a Spain-based bank, plans to add 25 more branches to its existing 42 branches in Angola to target the growing millionaires in the country.
California, US-based firm Planet Labs has closed a fresh $52 million from a recent funding round to launch small satellites into space and gather data about the Earth.
Dish Network Corp., which lost out to Japan's SoftBank in its attempt to buy Sprint Corp., is looking to offer a bid to acquire telecoms company T-Mobile US Inc. Sprint last week said that it is considering to bid for T-Mobile.
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
Italian clothier Moncler is expected to raise a total of about €784 million in its initial public offering after arranging banks Goldman Sachs Group, Bank of American Merrill Lynch and Mediobanca exercised the listing's greenshoe over-allotment option.
