Australia's David Jones (DJS.AX) said a little known UK-based private equity fund had pulled a A$1.65 billion ($1.7 billion) takeover approach for the department store chain.
Regions
KKR to buy Germany's WMF for at least $727 million
Buyout firm KKR (KKR.N) is set to buy German cutlery and coffee machines maker WMF AG (WMFG.F) for at least 587 million euros ($727 million).
IDB Development Corp sold 49.9 percent of Clal Industries to Access Ind
Israel's IDB Development Corp sold 49.9 percent out of its 60.5 percent stake in Clal Industries and Investments (CII) to U.S.-based Access Industries for 1.27 billion shekels ($325 million).
Carlyle acquires 49 pct of China mid-tier hotel chain
U.S. buyout fund Carlyle Group LP said on Thursday it has acquired 49 percent and effective control of China's Mandarin Hotel Holdings Ltd for an undisclosed sum.
Australian regulator probes David Jones mystery offer, trades
Australian regulators are probing the withdrawn A$1.65 billion ($1.7 billion) takeover offer for David Jones by a little-known Britain-based firm.
Latest News
News and developments in Asia private equity from Reuters News for the week ending June 29. News and developments in Asia private equity from Reuters News for the week ending June 29.
Two Italian private equity funds said on Wednesday they would be tabling a renewed offer for insurer Fondiaria-SAI (FOSA.MI)
Hong Kong Exchanges Clearing Ltd (0388.HK) (HKEx) is forming a joint venture with mainland Chinese exchanges to develop index-linked and equity derivatives products in a sign of growing cooperation in the region.
Singapore-listed oil and gas firm Interra Resources Ltd aims to aggressively develop its two onshore oil fields in Myanmar and is eyeing new oil and gas blocks slated to come up for tender this year.
Beijing will promote the further development of the offshore yuan market in Hong Kong as part of a new package of policies for the territory.
Global private equity funds, which poured tens of billions of dollars into India investments when the economy and currency were flying high a few years ago, may be stuck with those holdings much longer than planned as the rupee's plunge plays havoc with their exit options.
Mergers under review by the European Commission and a brief guide to the EU merger process The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Hon Hai to acquire a 46.
European private equity fund Permira is moving its first global technology, media and telecoms (TMT) partner to Asia as it eyes higher investments in the region.
News and developments in Asia private equity from Reuters News for the week ending June 22. News and developments in Asia private equity from Reuters News for the week ending June 22.
