KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.
Investors
Russian tycoon plans to sell USD3.7 billion Uralkali stake- report
Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.
Temasek Holdings appoints new co-head for China business
Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.
Ford names new chief for US sales
Ford Motor Co. announced naming a new US sales chief after the retirement of its current executive effective November 1.
Sanofi could repurchase L'Oreal's stake
Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings. Sanofi Aventis' Chief Executive Officer said on Friday that repurchasing L'Oreal's 9% stake in the drugmaker might make sense.
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According to a Bloomberg report, Twitter Inc. was trying to avoid moves that got Facebook Inc. lost half of its value after it went public last 2012.
Solaire Casino Resort, which is owned by Bloomberry Resorts Corp, had terminated the management services agreement over the casino with Global Gaming Asset Management LLC.
Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.
Saudi Telecom, whose goal is to repay a USD1.2 billion debt, is planning to sell off its subsidiary to raise the funds.
Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
According to Bechtel EAME President David Welch, the growing business in the Gulf region required the opening of a new office.
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
Cloud Security inked a common stock purchase agreement with Kodiak Capital Group. Internet security company Cloud Security Corp announced that it had inked a common stock purchase agreement with investment company Kodiak Capital Group.
General Growth Properties spent USD 567 million to repurchase shares, mostly from Pershing Square Capital Management.
