Fiat's CEO reveals the company's plan of buying out the remaining shares in Chrysler, in which it has 58.5 percent share, as the company met with banks for acquisition financing.
Tags: Buyout
Pantaloon Sells 22.5% Life Insurance Venture Stake To Industrial Investment
Pantaloon has agreed to shed off its 22.5% in a life insurance venture it has with Italian Assicurazioni Generali.
IPO Option on the table for Chrysler
Chrsyler asks for IPO or buyout options from banks. Chrysler has invited banks to offer pitches scheduled for next month for IPO scenarios and results according to four individuals familiar with the decision.
Marchionne: Fiat-Chrysler Merger Could Be Possible by Year-End
Fiat's executive Sergio Marchionne expects the merger between the Italian carmaker and United States' Chrysler to close by the end of the year once he agrees on the buyout of the stake in the American unit.
Private Equity Firms Make 2nd Round Bids for Armacell Buyout
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
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First offer of Schulman rejected by Ferro. After an initial snub, chemicals maker A. Schulman reinstated its offer to purchase Ferro Corp for US$563 million.
China Fishery Group offered to purchase Copeinca, thus moving the Peruvian firm to seek proper financial advice.
U.S. silver mining company Hecla Mining Co. is set to buy Aurizon Mines Ltd. as part of its attempt to gain access to a Quebec gold mine.
Oil group Repsol reached a deal for the sale of its 5% stake to Singaporean government fund Temasek as it hopes for financial stability.
Petronas or Petroliam Nasional is being urged by Employees Provident Fund to increase its price to buyout liquefied natural gas shipper MISC.
The new chief executive of Arabtec said that there are no attempts made by Aabar to increase shares in the investment fund.
Sources said that Comark apparel chain is currently on the process to be sold, with an expected amount of up to $400 million based on multiples of other deals in the retail industry.
The consortium, which is under the control of Carlyle Group, and its company management have reached a deal to make Chinese economy hotel chain 7 Days Group Holdings Ltd. private for $688 million.
Lenders in Spanish has been eyeing to acquire nationalized Catalunya Bank, which was bailed out last year amidst the crash of Spanish proper five years ago.
