DealZone

Deals du Jour

June 23, 2009

Virgin Group is keen on buying long-running takeover targets Northern Rock and bmi and is open to discussions on both, its flamboyant president Richard Branson tells Reuters.

Branson said Virgin Money was open to a deal for nationalised bank Northern Rock, despite being rebuffed last year, and he also expects to have talks with German carrier Lufthansa over its British airline bmi.

For the main Reuters Deals news, click here. And in the newspapers on Tuesday:

Russian billionaire Vladimir Potanin is seeking control of metals giant Norilsk Nickel as he wants to buy 25 percent in it from tycoon Oleg Deripaska’s UC RUSAL, Vedomosti business daily reported. Click here for the Reuters story.

Indian mobile firm Aircel, 74 percent owned by Malaysia’s Maxis, is in talks to sell its 12,000 mobile towers valued at about $1.5 billion to raise funds, the Economic Times reported, listing several potential buyers.

Switzerland is making efforts to sell its stake in UBS as the country’s biggest bank makes progress under new leadership, the economics minister said in an interview in German daily Sueddeutsche Zeitung.

Japanese private equity firms Advantage Partners, Unison Capital and MKS Partners will sell a 60 percent stake in Kracie Holdings to hair-colouring products maker Hoyu Co, a source with knowledge of the matter told Reuters.

Comments
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I respect Richard Branson, he is one of the most creative people that I know, he dares to think out of the box and has great longterm vision.

 

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