Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.
Sectors
AXA Profits Up From PE Sale
AXA stands to earn from purchase of its private equity subsidiary. In a statement, AXA is expecting to receive Eur 200 million or US$259. 94 million gain from the buyout of its private equity unit.
First Quantum Acquires Inmet
After a bitter battle, First Quantum wins shareholder support for Inmet. In a statement, First Quantum Minerals has said it has gathered enough shareholder support to be able to take over Inmet Mining.
BP Pays Back Shareholders US$8 Billion
BP, as promised, returns nearly US$8 billion to its investors through a share buy back program. British oil giant British Petroleum or BP Has announced that starting Friday, it would be conducting a buy back share program in consonance with its promise to reward shareholders after its sale of its interests in TNK-BP.
Barclays Discloses 14.2 Holding in Ziggo
Barclays has decided to declare a 14.2 percent stake in Dutch cable company Ziggo following its failure to find enough buyers for the shares in a sale.
Latest News
First Quantum Minerals Ltd. says it has enough support from its shareholders to buy rival Inmet Mining Corp. in a C$5.1 billion deal.
Schroders reveals that it was planning to acquire smaller rival Cazenove as it sees rise in its assets.
BP is set to return $8 billion to investors using a share buy-back programme after it promised last October to offset any dilution to earnings per share from TNK-BP Sale.
Temenos, a Swiss financial services software provider, said it completes its acquisition of U.S.-based compliance technology firm TriNovus in addition to its 800 institutional clients.
Dmitry Avdeyev, Rosneft's chief financier, steps down from the position after the Russian oil producer said that it had completed its acquisition of TNK-BP.
Rockwood to sell off units for an expected US$2 billion. Chemicals producer Rockwood Holdings is preparing the sale of two of its subsidiaries. The sale is expected to reach US$2 billion with the increasing recovery of the US construction sector.
Business software maker Model N share values jump by 44%. Share values of Model N increased by 44% at its trading debut with a market valuation reaching US$500 million.
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
Atkins Pharma delivers new highs for new owners Roark Capital. The recovery of Atkins Nutritionals has been attributed to a US$425 million recapitalization.
