India-based Lanco Infratech Ltd is considering a sale of its Australian unit, Griffin Coal Mining Co, so it could help pay debt, according to sources interviewed by Bloomberg.
Australia
A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.
Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.
US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.
Sydney, Australia-based investment manager AMP capital invested $100 million in subordinated financing for the fully operational Astoria Project Partners power plant in New York, USA.
Japan-based food and beverage giant Kirin Holdings Ltd has no plans to sell its 9.99% holding in Warrnambool Cheese and Butter Factory Ltd to Canadian firm Saputo Inc as it wants to secure a cheese supply agreement with the latter.
Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.
Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.
Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.
Australia-based private equity group Champ Ventures plans to exit its 42% stake in fleet management and leasing firm SG Fleet via initial public offering (IPO) by the end of 2014's first quarter.
Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.
Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.
United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
Tech giant Apple has purchases Australia-based startup SnappyLabs, a one-man team behind the photo app that augments iPhone's camera, according to earlier reports by TechCrunch and Recode.
Australia-based wireless network provider BigAir Group plans to add telecommunications firm Anittel Communications Pty Ltd (ACPL) from Anittel Group Ltd in a deal valued at $6.5 million.
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