Valor Econômico International June 10 2013 Brazilian banks are intensifying their bets on private equity, amid questions abroad on such type of investment in companies.
News from FinancePlus
Otkritie Buys 11.4% Stake in PIK Group
Moscow Times 17 June 2013 Otkritie Securities has acquired an 11.4 percent stake in PIK Group, one of Russia’s largest property developers
JustDial Finally Gets A Ring Tone With IPO in India and Could Spur More
Forbes 5 June 2013 Finally, after the long drought of IPOs from India, mobile search company JustDial made it out of the gate and closed at a 15 percent gain in its public offering
Two Chinese state-owned firms drop IPO plans amid crackdown
Reuters 3 June 2013 China National Building Material Co Ltd (CNBM) and Bank of Dalian have ditched their plans to list shares domestically, highlighting the impact of Beijing’s suspension of initial public offerings.
DBS Buys Time on Takeover of Bank Danamon
The Wall Street Journal 3 June 2013 SINGAPORE—DBS Group Holdings Ltd., D05.SG -1.81% Southeast Asia’s largest bank by assets, secured an extra two months on its deadline to take over PT Bank Danamon
Chinese Regulators Leaves Private Equity Out in the Cold
The Wall Street Journal 29 May 2013 Private equity is the unloved child among Chinese regulators yet again.
OUE to kickoff $800 million IPO for hotel REIT, to hire CEO
Reuters 5 June 2013 (Reuters) – Overseas Union Enterprise Ltd will begin gauging demand for the listing of a hotel REIT that is expected to raise up to $800 million
Brazil’s Petrobras Unloads Stakes
The Wall Street Journal 15 June 2013 Brazilian state-run energy giant Petróleo Brasileiro SA, or Petrobras, on Friday said it has brought in a partner for its African operations and has sold its stake in some small-scale hydroelectric plants
Wuzhou opens retail pitch in HK$1.7b offering
South China Morning Post 31 May 2013 Mainland company targets bulk of funds raised for land purchases and to get projects started.
Yandex offers €150,000 grant to Germany-based Wikidata
East-West Digital News Earlier this month, Russian search giant Yandex announced that it has provided a €150,000 grant to Wikidata, a non-profit organization that is developing a knowledge database with structured information obtained from Wikipedia articles. Launched in October 2012 by Wikimedia Deutschland, Wikidata is creating a huge database about different objects, people, things, and [...]
Lenta Picks Banks for Possible IPO
Moscow (Reuters) – Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia’s VTB Capital, has selected banks for a possible initial public offering (IPO) next year
Russian state tech fund starts again after missteps
MOSCOW, June 13 (Reuters) – State technology enterprise Rusnano laid out new plans on Thursday to lure $5 billion in investment to Russia’s technology sector over the next six years after opting out of a previously planned stock exchange listing. Rusnano was set up in 2007 to invest in promising high-tech firms and help Russia [...]