General Electric Co. is planning to spin off parts of GE Capital through an initial public offering as it pursues its aim to cut the size of the business, Jeffrey Immelt, company's chief executive, said.
Regions
InterOil discusses with Exxon on Papual New Guinea energy development
InterOil is now in discussion with Exxon as to the development of gas fields in Papua New Guinea. InterOil Corp, the liquefied natural gas producer together with its joint venture, is now in exclusive negotiations with Exxon Mobil Corp in order to develop gas fields located in Papua New Guinea.
Prologis and Blackstone to Acquire US$960M of Warehouse Space
Prologis and Blackstone purchase warehouse space worth US$960 million. Prologis Inc and Blackstone Group LP have settled to acquire 17 million square feet of distribution centers and warehouses for an estimated US$960 million.
CPG International Engages Banks for US$1.5B Sale
CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
Apache Corp Shaken Up Activist Investor Style
Apache Corp is undertaking corporate moves to improve its bottom line. Houston based natural gas and oil producer, Apache Corp will be undertaking major changes with its balance sheet.
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Just Dial, a local search service provider, sells off US$170 million for 17.5 million shares. Just Dial, the Indian local search service firm had offered shares in the public bourse at a volume of US$170 million, The IPO was subscribed 11.
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
OneWind Australia is nearing the completion of the Glen Innes Plant in New South Wales which can generate 100 megawatts by 2015.
Belgium's Delhaize plans to make sale of its businesses in the U.S. as it aims at minimizing costs in the region.
Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
The Netherlands wants governments to keep majority holders in Urenco and plans sell to its $33 percent share in the facility
Spanish bank Caixabank could be selling its stake, which it paid for in 2008, in Grupo Finaciero Inbursa amid high provisions on bad loans.
Spanish lender Ibercaja reached deal to buy smaller bank Caja 3. (Photo : Reuters)Spain's central bank made green signal to the private capitalisation plans of banks Popular (POP.
Royalty Pharma lowered the acceptance threshold for its increased bid with $6.4 billion for Elan to 50 percent plus one share as it seeks enough support to acquire Elan, an Irish drug firm .
