China Cinda Asset Management Corp, one of China's four bad loan managers, is seeking up to $2.5 billion in an initial public offering in Hong Kong attracting global investors like Och-Ziff Capital Management Group LLC and Norway's sovereign wealth fund.
Investors
Singapore's AIMS purchases half of Sydney's Optus Center
Singapore-listed AIMS AMP Capital Industrial REIT entered the Australian market by buying a 49% stake in Optus Center at Sydney's Macquari Park for over USD184 million.
Seedrs crowd-raise GBP500,000 for international expansion
UK equity-based crowdfunding platform Seedrs announced that it is crowd-raising GBP500,000 using its own site to reach out to European investors and startups outside of the UK.
Government advisor reveals that RBS profited from struggling small businesses
Royal Bank of Scotland, which is 82% owned by taxpayers after a government bailout, is accused of pushing struggling small firms into its turnaround unit, for it to have reasons to charge higher interests, and in turn, take over their assets.
Lloyds to sell 30% to 50% TSB stake in public float
British financial institution Lloyds Banking Group Plc will reportedly put up for sale 30% to 50% of its stake in 631 bank branches. The said bank branches are being rebranded as TSB, which is expected to float on the stock market middle of next year.
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According to sources interviewed by Bloomberg, Cairn India is planning to buy back USD 1 billion worth of shares in order to give Anil Agarwal more control of the company.
France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.
The British government will announce on Monday it has agreed a deal to sell off a portfolio of student loans worth 900 million pounds, Sky News reported on Sunday, quoting people close to the situation.
A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents reviewed by Reuters.
CEPT Systems GmbH, a Vienna, Austria-based text processing technology startup raises a total of EUR 1.5 million in seed funding. Backers of this round includes Reventon B.V and Zirngast GmbH (AT).
Multichannel, a US and Hong Kong-based full-automated ad management startup secures USD 3 million in seed funding. The platform is designed to be fully automated so that companies could focus on their ad campaigns instead of focusing on their dashboard.
President Michael Sata's drive to upgrade the country's rough roads, which often become impassable in the rainy season, is popular with many Zambians like Moyo. But foreign investors, who must partly fund such ambitious schemes, are less keen on his costly promises and very public dust-ups with business.
A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.
China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.
