Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
Sectors
US Bank Tower to be Purchased
US Bank Tower, the building blown up in the movie "Independence Day", is to be purchased by overseas investors.
MGM To Prepare for IPO
MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Apollo Global Going on IPO
Apollo Global's Constellium to open with IPO. Apollo Global Management is conducting its interviews of banks for the initial public offering of Constellium, a company that makes aluminium products for the transportation and aerospace industry.
Cerberus Plans Stake in Seibu
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Latest News
Temasek buys stake in Evonik. Temasek Holdings, the Singapore state investor will purchase shares in the German company, Evonik Industries according to people close to one of the owners of Evonik.
Chairman of Simcere to buyout shares. A consortium led by its Chairman Jinsheng Ren has offered to buyout Simcere Pharmaceutical Group. The China based pharmaceutical firm was priced at US$9.
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.
Walter Energy set to sell assets and cut budget for 2013. In the middle of a disagreement with a British investor who is calling for the replacement of majority of the board members, Walter Energy Inc mentioned plans of shutting down mines that are not generating income.
Hostess Brands now being bidded on. The main creditor of Hostess Brands, Silver Point Capital and hedge fund firm Hurst Capital have expressed interest in purchasing Hostess snack cakes brands according to a report by the New York Post.
E.ON still on its plan to divest non-performing assets. The largest utilities service provider in Germany E. ON has denied reports that it would spin off its renewable energy unit in order to reduce outstanding debt of in its balance sheet.
Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.
Lender engages six banks to facilitate bond sale. Dubai's largest lender, Emirates NBD, has engaged the services of six major banking institutions to arrange a subordinated bond sale for the company.
