Qatar National Bank, the Gulf state’s largest lender, is eyeing Denizbank, the fast-growing Turkish arm of euro zone debt casualty Dexia, in a deal potentially worth up to $6 billion.
Deutsche Lufthansa may have to break up its British bmi unit to sell the underperforming carrier, as larger airlines eye its access at Heathrow airport and smaller players look to pick off its budget and regional operations.
Dealpolitik lists the key lessons learned from Dollar Thrifty’s merger saga.
Rio Tinto signaled a major retreat from its aluminum business on Monday, putting an estimated $8 billion worth of assets up for sale across six countries, only four years after buying aluminum giant Alcan for $38 billion.
Sony is in talks to buy out Ericsson’s stake in their mobile phone joint venture, a source said, in a bid to catch up with rivals.
Belgium’s federal government and its regions clashed over the fate of the Belgian banking activities of stricken Dexia, delaying a joint Franco-Belgian rescue of the group.
Warner Music Group Chairman Edgar Bronfman Jr. has tried to buy rival record label EMI Group for the last six years. Now, his time may have come, reports Yinka Adegoke.
Communications equipment maker Comtech, under pressure from an activist investor to evaluate a sale, is attracting potential takeover interest from several government contractors, people familiar with the situation said.
Yahoo’s long-time advisers Goldman Sachs and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources said.
Australian coalminer New Hope Corp put itself up for auction after receiving several bid approaches, sending its market value surging 15 percent to almost A$5.1 billion.
European Union regulators will formally object to the proposed merger of Deutsche Boerse and NYSE Euronext this week, two sources with knowledge of the case said, which may force the companies to offer concessions to ease competition concerns.
Private equity firms see only limited scope to invest in Europe’s under-capitalized banks, as they could run the risk of losing their shirts and face political resistance.
Jack Ma, CEO of Chinese e-commerce giant Alibaba, is keen on buying Yahoo if the opportunity presents itself and has held discussions with other potential buyers about options. The potential deal is raising privacy concerns, reports the Financial Times. The WSJ also looks at what role Beijing would play in a merger.
Private equity funds in the Middle East and North Africa, under increasing pressure to produce returns for investors, have strategic buyers, including sovereign wealth funds, looming larger on their deal radar.
European insurers Allianz and AXA are among the potential bidders for HSBC’s sale of its general insurance business, which could fetch more than $1 billion, sources said.
Spain’s ruling Socialists abruptly shelved plans to boost public coffers by selling part of the lucrative state lottery, in the face of tough market conditions, political opposition and banks’ funding concerns.
Weak pricing for Citic Securities’ Hong Kong share sale and a soft Shanghai debut for Great Wall Motor showed greater China’s IPO markets, while still open, are buckling in the face of economic uncertainty and hefty supply.
French insurer AXA confirmed it is exploring the possible sale of its private equity unit, adding that there is no guarantee that the process will lead to a transaction.
“Warren Buffett’s determination that Berkshire Hathaway shares are cheap enough to buy back may mean the Standard & Poor’s 500 Index is also a bargain,” reports Bloomberg.
London Stock Exchange head Xavier Rolet has won the backing of LCH.Clearnet’s board for his planned $1.3 billion takeover of Europe’s largest independent clearing house, a source familiar with the situation said.