Sweden’s EQT begins $3bln alarm firm sale -sources
STOCKHOLM/LONDON, April 20 (Reuters) – EQT [EQTPRK.UL], the
private equity firm backed by Sweden’s Wallenberg family, has
begun the $3 billion-plus sale of burglar alarm firm Securitas
Direct, people familiar with the matter said.
Securitas Direct could interest both rival private equity
investors and large listed companies with security operations,
including Stanley Black & Decker Inc (SWK.N: Quote, Profile, Research, Stock Buzz), Tyco (TYC.N: Quote, Profile, Research, Stock Buzz) and
United Technologies Corp (UTC) (UTX.N: Quote, Profile, Research, Stock Buzz), some of the people said.
Glencore worth up to $69 billion, underwriters say
LONDON (Reuters) – Glencore is already worth as much as $69 billion, with its earnings set to double in two years, according to research from two banks underwriting the commodity trader’s potentially record-breaking listing.
Glencore’s banks are distributing research to potential investors to help convince them to back the previously insular trader as it seeks to raise as much as $12.1 billion.
Only toughest thrive in Glencore’s trading culture
LONDON (Reuters) – They’re a special breed, likened to robots or followers of a religious sect, such is their unflinching dedication.
Life as a top trader at Glencore, the world’s leading commodities marketing group, means grueling long hours and intense pressure to strike killer deals, salved by handsome financial rewards and a family-like camaraderie.
Exclusive: Glencore worth up to $69 billion, underwriters say
LONDON (Reuters) – Glencore is already worth as much as $69 billion, with its earnings set to double in two years, according to research from two banks underwriting the commodity trader’s potentially record-breaking listing.
Glencore’s banks are distributing research to potential investors to help convince them to back the previously insular trader as it seeks to raise as much as $12.1 billion.
Glencore role a comeback for vilified ex-BP boss
LONDON (Reuters) – Former BP Chief Executive Tony Hayward felt “demonized and vilified” over the Deepwater Horizon disaster. A year later, he is landing new senior roles with some of the biggest names in natural resources.
Hayward was dubbed “the most hated — and most clueless — man in America” by New York’s top-selling tabloid the Daily News following the April 20, 2010 blast, which killed 11 men and unleashed the worst oil spill in U.S. history.
Newsmaker: Ivan Glasenberg’s long walk to Glencore gold
LONDON (Reuters) – As head of the world’s largest commodity trader, Ivan Glasenberg knows everything has a price, even his own closely guarded privacy.
The decision of Glencore International AG GLEN.UL to end years of secrecy with an initial public offering (IPO) puts the publicity-shy 54-year-old fully in the limelight.
Glencore turns to familiar names for board roles
LONDON (Reuters) – Glencore GLEN.UL, the Swiss commodity trader, named former BP Plc (BP.L: Quote, Profile, Research, Stock Buzz) Chief Executive Tony Hayward to lead a five-strong team of independent directors, as it launched a flotation that could top $12 billion.
Investors considering backing what could be London’s largest-ever listing are likely to scrutinize the directors’ experience and ability to stand up to an executive team used to running a tight-knit partnership with little outside influence.
Ivan Glasenberg’s long walk to Glencore gold
LONDON, April 14 (Reuters) – As head of the world’s largest
commodity trader, Ivan Glasenberg knows everything has a price,
even his own closely guarded privacy.
The decision of Glencore International AG [GLEN.UL] to end
years of secrecy with an initial public offering (IPO) puts the
publicity-shy 54-year-old fully in the limelight.
Regulation seen only minor threat to London
LONDON (Reuters) – A clear majority of senior London dealmakers think political and regulatory pressure will at worst only slightly dent the city’s appeal as a financial center, a Reuters poll showed.
The generally sanguine response contrasts with signals that banks including Barclays (BARC.L: Quote, Profile, Research, Stock Buzz), HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) and Standard Chartered (STAN.L: Quote, Profile, Research, Stock Buzz) could consider moving headquarters elsewhere, and as the Independent Commission on Banking (ICB) readies a report that could reshape the sector.
Oil, mining M&A: Beware the politics
LONDON (Reuters) – Big mining and oil firms and their advisers need to become more shrewd to get deals through an increasingly tough political landscape, which could spur more tie-ups with state-backed firms, senior bankers say.
BHP Billiton (BLT.L: Quote, Profile, Research, Stock Buzz) (BHP.AX: Quote, Profile, Research, Stock Buzz), the world’s biggest miner, has ditched three major deals in as many years, including its $39 billion bid for top global fertilizer maker Potash Corp (POT.TO: Quote, Profile, Research, Stock Buzz), in the face of resistance from politicians, competition watchdogs, and others.

