KKR acquires luxury RTW retailer SCMP Group. The private equity firm Kohlberg Kravis Roberts & Co with its afflilates has signed an agreement to purchase a majority shareholder's stake in SMCP Group.
Investors
SolarWorld Seeking to Strike a Deal with its Creditors
SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
Tele2 Seeking New Acquisitions
Tele2 is exploring acquisitions in Europe and Eurasia. Tele2, the Swedish telecommunications firm after its recent Russian exit, is now in search of acquisitions located in Europe and Eurasia.
CORRECTED - Standard Chartered Is Acquiring Absa's Operations
Standard Chartered has acquired the custodial and trustee operations of Absa in South Africa. (Corrects paragraph 2 to 'immaterial' instead of 'material') In an announcement, Standard Chartered would be acquiring Absa Group, the South African custodial and trustee operations of Barclays Plc.
M.Video seeking regulatory approval for proposed acquisition
M.Video, Russia's biggest electronics retailer has sought permission from government regulators as to the projected acquisition of Eldorado.
Latest News
Votorantim Cimentos, the cement manufacturer would establish an IPO through Brazilian and American depositary receipts listed at the NYSE.
GMR Airports of India is setting up an IPO of shares for expansion and exit purposes. GMR Airports, the largest airport developer in India will be selling shares through an initial public offering in an effort to raise Rs 2,000 crore for two purposes.
Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
According to Paul Flynn, new CEO of Whitehaven Coal the shares of embattled tycoon Nathan Tinkler remains put in the company.
Hulu again engages the services of Guggenheim Partners for the possible sale of the online video streaming service site.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
ISS, once a vociferous critic, now proposes the approval of the new merger deal between MetroPCS and T-Mobile USA.
One of the biggest shareholders in Sprint-Nextel favors the bid of Dish Network over Softbank of Japan.
