Poland’s top utility PGE jumped 13 percent at its market debut on the Warsaw bourse today. The IPO, at $2.1 billion, is Europe’s biggest this year.
And IPO flows from Asia continue — South Korea’s No. 2 insurer Korea Life Insurance may raise around $2 billion in the country’s biggest IPO since Lotte Shopping’s $3.8 billion listing in 2006.
For more on deal-related stories from Reuters, click here.
And here’s some picks from the papers:
* Intel, the world’s biggest chip maker, is planning to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd. to set up joint ventures, the Business Standard reports.
* Dutch telecoms group KPN mulls to sell its business-customer unit and fibre network in Belgium, Belgian daily De Tijd reports.
* Citigroup plans to relaunch its hedge fund unit, changing the name to Citi Capital Advisors, the Financial Times reports.
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Telecommunication Equipment business grows as fast as technology today. Its a good thing, they provide lots of opportunity to people who want to enjoy different types of gadgets and other stuffs.
- Posted by Telecommunication Equipment