exit

Fortum Oyj

Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks

The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.

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Sterling Hospital

Private equity firm Actis divests stake in Sterling Hospital to Chairman Girish Patel

Actis, a private equity firm based in the UK, is to sell its 82% stake in India-based Sterling Hospital to Addlife Investments Pvt Ltd, the private equity firm promoted by Girish Patel.

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Cisco Systems Inc

Cisco receives investor pressure to divest its TV set-top box business

Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.

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Greyhound Bus

Sandell Asset Management urges FirstGroup to sell US businesses- report

A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.

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Holden

GM Holden decides to halt auto manufacturing in Oceania by 2017

Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.

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Lindorff

Private equity owners of Norway-based Lindorff selects banks for planned listing - sources

Reuters heard from five anonymous sources that Norway-based debt collector Lindorff's owners, Swiss Investor AB and private equity firm Altor, had already hired banks to lead the Nordic company's IPO.

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GM Holden

No decision yet on GM Holden's exit in Australia

General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.

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General Motors

US Govt exits final General Motors stake

The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.

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Adobe

Adobe exits lucrative licensing unit over prospects in $67.3B cloud market - report

Adobe Systems Inc and other major software providers like Microsoft Corp and SAP had to shift its priority to cloud software after experiencing lackluster sales in their hardware-dependent software products.

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KKR & Co Company Logo

Tyco's USD1.6 billion South Korea unit attracts bids from KKR, Bain - sources

Tyco International Inc's South Korean security systems unit ADT Caps is reportedly attracting bids from private equity firms including KKR & Co LP and Bain Capital.

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Statoil ASA

Norways prepares for divestments as ownership of Statoil is subject for a review

A December 4 interview conducted by Bloomberg with Industry Ministry Monica Maeland revealed Norway's plans to divest some of its holdings in several companies including Statoil ASA.

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Corpbanca

Corpbanca's search for buyer spurs bond rally

The rally of Corpbanca's high-grade bonds in the merging markets indicated investors' demand for the Chilean bank to find a buyer soon. Corpbanca is run by Chilean billionaire Alvaro Saieh.

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Lloyds Bank

Lloyds Banking Group agrees on sale of Irish mortgages to Apollo Global Management

Lloyds Banking Group is to divest its Irish home loans to an affiliated company of private equity firm Apollo Global Management in a deal worth GBP 257 million.

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VTB

VTB of Russia gets USD1.2 billion from its 50% stake divestment in Tele2

According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.

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LeapFrog Investments

LeapFrog Investments divests Ghanaian insurance firm Express Life to Prudential

LeapFrog Investments exited from Express Life, a Ghanaian insurer, by selling a majority stake it held in the firm to Prudential Plc for an undisclosed amount.

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