Deals du jour
Billionaire investor Wilbur Ross says he plans to invest further in banks, but new capital requirements for private equity investment in the sector are still too tight. Meanwhile, a senior German government official says Opel has the liquidity to operate until next year, as a rift appears to develop in the ruling party over whether the General Motors Co unit should be sold to Canada’s Magna International (MGa.TO).
For more on these stories, and the rest of the latest deals news from Reuters, click here.
Here’s what else we found in the papers (some external links may require subscriptions):
* Main shareholders in the British bus and rail operator National Express (NEX.L) have indicated that they will continue to back a rights issue plan instead of a revised takeover offer, the Financial Times says.
* Two Chinese industry groups will kick off IPOs worth more than $2.5 billion in Hong Kong soon after they received a green light from the city’s stock exchange, racing to beat a possible market downtrend, the South China Morning Post says.