VTB IPO worth US$3.3 billion snapped up by sovereign wealth funds in Azerbaijan, Norway and Qatar. VTB, the second largest financial institution in Russia, has announced that subscribers have bought the entirety of its 102.
Sectors
Majid Al Futtaim to Purchase Mansour Group Assets
Majid Al Futtaim is discussing with the Mansour Group for the purchase of the Metro Chain and Kheir Zaman discount grocery store.
Bertelsmann to Sell RTL Shares on Schedule
Bertelsmann to sell RTL shares from April 18 to 29 before the April 30 trading day. Bertelsmann, the media conglomerate from Germany, has tightened the price range for its placement of shares in the RTL Group between Eur54 and Eur56.
Mirabaud & Cie Opens M&A Unit
Mirabaud & Cie Opens M&A unit in preparation for the market rebound. The Swiss private wealth manager and fund broker Mirabaud & Cie is opening up a mergers and acquisitions advisory group.
Rentokil Divests City Link for 1 British Pound
Rentokil sells City Link for a ceremonial 1 British Pound to Better Capital Investment Fund. Rentokil Initial Plc share values increased tthe highest in two years after its disposal of City Link Express delivery business.
Latest News
Telecom Ltd purchases Revera Ltd for NZ$96.5 million. Telecom New Zealand Ltd announced last Monday that it is acquiring Revera Ltd, a privately owned IT infrastructure and data center based in Auckland, NZ.
Brown Vitter seeks to remove the issues created in the banking world that Dodd Frank started. How the tides have turned. A year ago, the big US banks lobby was focused on the amendment and/or total repeal of the Dodd-Frank financial reform law.
Bayer AG purchases US contraceptive maker Conceptus. Bayer AG of Germany has entered into an agreement to purchase Conceptus, the American contraceptives maker for US$1.
Sumitomo of Japan would be purchasing shares owned by TPG Capital in BTPN Bank of Indonesia. Sumitomo Mitsui Banking Corp of Japan is in discussion to purchase a US$1.
Asian insurance industry investors see no sign of slowdown for fast growing market. A frenzy is underway in the Asian insurance industry and it has made many pay large sums so as not to miss opportunities to participate in the region's fastest growing market.
Sumitomo Corp pulls out of JV Agreement and purchase sale of coal mining tenements. In disappointing move, Sumitomo Corp has pulled out of a coal exploration partnership with Aquila Resources.
BHP Billiton sells Pinto Valley copper mine and an Arizona railroad to Capstone Mining Co. In agreement reportedly worth US$650 million, BHP Billiton sells two major assets to Capstone Mining Corp.
Mitsubishi UFJ Financial Group deals with Morgan Stanley and Deutsche Bank AG for deals. The American unit of Mitsubishi UFJ Financial Group Inc is in discussion about its sale of its trust banking services to clients of Morgan Stanley.
IPO is the next best option as five banks find it difficult to find buyers for their businesses. Five British banks would be looking to float their stocks in the market.
