Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.
Investors
ITC Ltd to invest US $4.4 billion for hotel expansion
The Kolkata-based company is set to invest US $4.4 billion for a business venture on hotels. ITC Ltd is planning to invest US $4. 4 billion (INR 260 billion) to expand its business interests into the hotel industry.
Graphite Capital and Hawksmoor agree on a buyout
Private equity firm Graphite Capital and Hawskmoor chain of steakhouse enter into an agreement regarding a buyout valued at US $62 million.
NYC Pensions commits US$1 billion to Apollo, CVC
New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.
Frontenac invests in Ohio Transmission Corp
Ohio Transmission partners with private investor Frontenac Company. Private equity firm Frontenac Company invested an undisclosed amount on Ohio Transmission Corporation, said the latter on Friday.
Latest News
The French conglomerate’s efforts to revamp its diversified portfolio begins with the sale of its stake in Activision Blizzard worth US $8.2 billion.
China Investment Corp, which has US $49 billion investment from the government, posed a 10.6% return of investment from its overseas ventures.
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Handy Hardware gets help from Littlejohn & Co. as the private equity firm takes the reins of the company's acquisition and refinancing.
New Anglo American boss, Mark Cutifani, outlines an aggressive cost-cutting plan to reverse the mining company's poor performance.
Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
