NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
Regions
Indonesia's Saratoga Investama Sedaya Holds IPOs for Owned Firms
PT Mitra Pinasthika Mustika, which is owned by Saratoga Investama Sedaya holds IPOs for its firms. Automotive distribution conglomerate PT Mitra Pinasthika Mustika of Indonesia is planning to raise about 2 trillion rupiah or US$206 million through an initial public offering in May.
AgBank of China Will Issue Bonds
AgBank of China to issue 90 billion yuan worth of bonds. The Agricultural Bank of China Ltd will be issuing 90 billion yuan or US$14. 59 billion worth of bonds that are eligible for regulatory capital treatment.
H&M Set to Further Expand
H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.
Merchel Halts Sales of Assets
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
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Pegasus Airline, Turkey's low cost air carrier, raises nearly 1.93 billion lira or US$1.07 billion in its IPO.
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
Yakult and Danone dissolves its strategic partnership. Yakult Honsha Co Ltd, the Japanese health drink manufacturer will dissolve its tie up with Danone SA of France.
Charter Hall plans to invest money for acquisitions and list publicly REITs. The owner of Sydney's more than century old General Post Office building, Charter Hall Group, is planning to purchase Aus$1.
Clean Line purchases the Power Network for an undisclosed amount. An agreement has been signed between Clean Line Energy Partners LLC with Power Network New Mexico for the acquisition of a proposed 200 mile 345 kilovolt transmission line.
ADM purchases Australia's GrainCrop for US$2.3 billion. The world's largest corn processor, Archer-Daniels-Midland Co finalized an agreement from GrainCorp Ltd for the purchase of the rest of the Australian crop handler's business and assets.
Only two private equity firms are in the running for Onex Corp's Carestream Health Inc as others pulled out citing uncertain outlook for the company's future.
Banco do Brasil SA's BB Seguridade Participacoes SA IPO is estimated to be worth of US$4.2 billion.
ThyssenKrupp, because of declining demand and low priced competition, is selling off assets in the Americas to
