UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
Sectors
Australia's Southern Cross Reaches 22-Month High On Potential Merger
Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.
Arabtec to use new capital for expansion
Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.
BTS sets IPO for Thailand's First Infrastructure Fund
Biggest IPO and first infrastructure fund for Thailand set by BTS. The initial public offering of the infrastructure fund of the BTS Group has begun with pre-marketing conducted to raise US$1 billion.
Debut Bond reopened by Shun Tak
Shun Tak bond issue attracts investors from Asia and Europe. Shun Tak, the Macau conglomerate, issued its US$400 million seven year maturity bond in the hope that the issuance would re-open the market for unrated paper after the lunar new year break.
Latest News
Hochtief gets many offers for its services division. Hochtief, the German construction group would be selling its services division. It is expecting the sale to net Eur170 million according to a report by a German magazine.
The new chief executive of Arabtec said that there are no attempts made by Aabar to increase shares in the investment fund.
A1 putting together consortium with two of the major stockholders of CEDC. A1, the venture capital unit of the Alfa Group has formally notified the committee of holders of CEDC notes that it is putting together a plan to restructure Central European Distribution Corp.
Royalty Pharma offers US$11 per Elan share. While Elan is in the process of selling its fifty percent share in the successful multiple scelerosis drug Tysabri with its US partner Biogen Idec, here comes American investment firm Royalty Pharma offering US6.
Zain, a telecom firm in Kuwait, is in the process of selling its stake in its Iraqi unit. Kuwaiti telecom operator Zain is set to sell its stake in its business unit in Iraq through initial public offering as part of its $1.
Capital Product Partners LP agrees to lower bareboat charter costs to lease to Overseas Shipholding.
Kodak gets flexible financing and reorganization plans as it prepares to come out of bankruptcy. The bankrupt photography icon Eastman Kodak Inc was allowed to amend its financing deal in order to become more financially flexible as it girds to exit Chapter 11 bankruptcy protection.
Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
Blackstone, Apollo and KKR lead payouts to chief executives after banner 2012 year. Co-founder and CEO of the Blackstone Group Steven Shwarzman, according to filed papers by the equity firm, received pay and cash dividends amounting to US$213.
