GEMS Education to raise funds for expansion into Asia and Africa through IPO and other means. GEMS Education Ltd is projecting to raise between US$650 million and US$1 billion during its initial public offering.
Investors
Fisker Woes Continue
Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.
UPDATE: American Realty Increases Offer
American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.
VTB Group Bank Purchases Tele2 Russian Unit
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
Finnair Needs Flexibility with Shareholdings
Finnair's new Chairman said that Finland should reduce its shareholdings in the national flag carrier, Finnair.
Latest News
Jana Partners is seeking to replace board members and undertake improvements in the Agrium board of directors.
Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
Petrobras, in line with the goal of making Brazil energy self sufficient, is selling of its stakes in Agbami and Akpo projects.
H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.
American Realty said it has decided to increase its bid offer for Cole Credit Property Trust III after the latter's rejection of the first offer.
Merlin Entertainments Group is aiming for IPO either in New York or London through share sale. Merlin Entertainments Group is in talks with potential investors for its plan to sell shares by going public in either London or New York, the company's chief executive Nick Varney disclosed to Reuters.
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
