VENTURE CAPITAL POST

A Reuters report said Alessandro Profumo, chairman of Monte dei Paschi di Siena, will be revealing his decision whether to stay or resign from his post at the Italian lender in a January meeting.

A filing with the US Securities and Exchange Commission revealed that Aptalis Holdings Inc has plans to conduct a share sale on the Nasdaq Stock Market and raise up to $500 million in the process.

The National Audit Office, a government-spending watchdog, said taxpayers lost money in the government's share sale of Lloyds Banking Group and not a profit, Bloomberg reported.

Sources disclosed to IFR that Chinese waste management and energy company China Everbright International Ltd will be floating 430 million new shares to raise up to HKD3.75 billion or USD484 million.

State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.

China Everbright Bank Co Ltd's USD2.8 billion float on Tuesday follows the steps taken by peers Huishang Bank Corp Ltd (3698.HK) and Bank of Chongqing to prepare a financial buffer against bad loans in the near future, said a Reuters report.

Analysts thought that ThyssenKrupp latest fundraising efforts, which was a USD1.2 billion share sale, was not enough to turn the company around from its dire financial straits.

The Australian Private Equity and Venture Capital Association revealed statistics which indicated that private equity activity in the region had heated up following a soft period.

Private equity firms who had been in talks with Bikaji Foods International were Norwest Venture Partners, Sequoia Capital, Lighthouse Capital and Tano Capital, three unnamed sources told The Economic Times.

Italian automaker Fiat SpA said in its announcement today that although Chrysler Group LLC has postponed plans for a 2013 initial public offering, the former expected the latter to carry on with its plans for a share sale next year.

Prior to meeting with UK's Members of the Parliament regarding claims that Royal Mail's shares in its initial public offering were undervalued, UBS issued a note to investors saying that they need to divest their shares in the postal service.

Sources told Bloomberg that the planned stock sale of India's top two mobile phone operator had postponed its original target completion this month, and was pushing for a stock sale next year.

An article on Bloomberg provided its observations on how the stock rally had influenced the increasing number of initial public offerings on the Japan bourse starting this year.

India's Department of Disinvestment, which oversees the divestment of ownership stakes of the state of India in several companies, were pushing for a float to happen to capitalize on the rally of stocks on the financial bourse.

According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.