DealZone

British fashion retailer New Look scrapped its planned flotation. Blackstone dramatically pulled two IPOs this week, blaming weak markets. There has been a string of scrapped IPOs across Europe, involving Belgian, British and German companies.

Motorola wants to split into two companies in the first quarter of next year, one to focus on cellphones and TV set-top boxes, the other on enterprise networking. The plan should give it more focus in the two markets.

Camargo Correa buys an additional 6.5 percent of shares in Portuguese cement-maker Cimpor. It already had a 22 percent stake.  In Portugal, a company must make a takeover bid if it holds 33 percent or more in another company.

And this is what competitors are reporting:

Related Cos’ real estate developer Stephen Ross and partners have raised about $1.1 billion to help buy a failed bank, Bloomberg reports.

Belgian specialty metals and materials group Umicore is interested in acquiring the catalyst unit of Germany’s Sued-Chemie, Belgian business daily De Tijd says.

Few like to hear words like “softening” or “plateauing” but they’ve been thrown around today after Travelport axed its planned $1.8 billion IPO. A cautious eye is now being cast upon planned sales of travel firm Amadeus and retailer New Look.

Of the 62 IPOs launched globally since December 1, 2009, 32 were shelved — 15 in the U.S., 7 in Europe and 10 in Asia.

“The market remains open for good companies with good prospects that have a sensible raison d’etre for listing, but as a dumping ground for private equity? No, thank you,” says a UK fund manager.

British department stores group Debenhams Chief Executive Rob Templeman told Reuters the company will price its 323 million pound rights issue at a modest discount, while Chinese state-owned metals firm Chinalco may revise its planned $19.5 billion investment in miner Rio Tinto before a June 14 deadline, according to two sources close to the deal we talked to.

In the U.S., American International Group (AIG) is in talks with three bidding groups for International Lease Finance Corp., but a sale is complex as the parties have to deal with the aircraft leasing unit’s mountain of debt and funding needs, Reuters heard late on Wednesday.

And in the newspapers:

* State-run Rosneft, Russia’s largest oil firm, will take over private bank Trust in exchange for writing off debts, Kommersant business daily reported.