exit

Ackman pares USD1 billion bet in Herbalife to 40%

Activist investor William Ackman told investors through a letter dated October 2 that he had reduced over 40% of his USD1 billion investment with nutritional supplements company Herbalife.

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Aviva sells US unit to Athene Holding for USD 2.6 billion

British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion.

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HSBC set to earn USD19.5 million in Canaletto painting sale

HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.

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Eni to exit stake in German gas networks - report

German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.

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State-owned Alrosa prepares for share sale

Russian diamond company Alrosa announced on Wednesday that it has planned to sell 14% of its stake on the Moscow bourse.

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Wolseley Private Equity sells stake in nextmedia to Forum Media Group

Wolseley Private Equity sold all its shares in nexmedia to Forum Media Group.

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Campbell inks definitive deal for sale of European simple meals business

Campbell Soup Company announced that it had signed a definitive agreement with CVC Capital Partners for the sale of its European meals business.

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Sacyr eyes sale of Vallehermoso property unit

Spanish property builder Sacyr announced the possible sale of its Vallehermoso unit.

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CA Immobilien sells majority stake in Tower 185

CA Immobilien Anlagen announced it would sell two-thirds of Tower 185 in Frankfurt to two German pension funds.

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Point B sells Loft9 stake

Investment company PointB sold its shares of Loft9.

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BlackBerry may exit smartphone market

After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.

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TUI to exit from shareholdings in Hapag-Lloyd AG

An IPO or share sale by end of 2014 would be preferred mode of exit, according to TUI AG CEO.

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RBS chooses group by Corsair and Centerbridge prior to branch sale

According to a statement today, a group led by private equity firms Corsair Capital LLC and Centerbridge Partners LP would be preferred by Royal Bank of Scotland Group Plc to purchase its 314 branches.

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Wing Hang Bank may get bids from ANZ, United Overseas Bank - sources

According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.

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HTC exits from half of its stake in Beats Electronics

HTC Corp would be selling 24.84% of its stake in Beats Electronics for USD 265 million.

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