KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
Sectors
Nomos Bank of Russia To Go on Roadshow
Nomos Bank would offer a dollar denominated Eurobond through a roadshow. The Russian financial institution Nomos Bank is one of the few banks in Russia listed in the country's stock exchange.
SunTech Seeking Investors or Buyers of Assets
SunTech exploring options with investors and buyers of assets. Beleaguered Chinese solar panel manufacturer Suntech Power Holdings Co Ltd is now seeking to sell off some of its assets.
Intelstat To Go on IPO
Intelstat would undertake an IPO worth about US $500 million. A proposed IPO worth US $500 million would test the resolve of investors for financial leverage in Intelsat Global Holdings SA.
Qatar Acquires Printemps
Qatar has finalized payment and transfer terms for Printemps. Qatar has finalized its agreement to acquire French retailer Printemps for Eur 1. 6 billion or US $2.
Latest News
Telecom Italia's investors meet to discuss future moves Telecom Italia SpA's stockholders are meeting today to discuss its future moves on votes to be made at the annual shareholders meeting of the largest phone company of Italy.
First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.
Foundation Capital has raised US $282 million in its seventh round of capital fundraising. The venture capital firm, Foundation Capital, disclosed today its seventh fund amounting to $282 million in reserve money.
Jay-Z is divesting ownership with NBA team Brooklyn Nets to become a sports agent. Rap icon and producer Jay-Z has now offered his shareholdings in the National Basketball Association's Brooklyn Nets for sale in order to focus on the growth and development of his sports representation business.
SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
Activist investors are starting to earn the respect of U. S. institutional investors like mutual fund and state-run pension fund.
French media group Lagardere has raised $3 billion from the sale of its 7.4 percent stake in Europe’s top aircraft maker EADS.
Techno Group, a subsidiary of Gulf Capital, has acquired Dogu Tip. Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company.
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
