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Press Round-up – April 4

By Reuters Staff
April 4, 2012

BTG Pactual IPO to value bank at $15 billion
BTG Pactual is set to float later this month in a deal that will value the rapidly growing Brazilian investment bank’s equity at up to $15 billion and the shareholdings of a swathe of executives at more than $150 million each.   (FT)

Dutch bicycle group in talks to buy Raleigh
Raleigh Cycle, maker of the bicycles in Britain, could be sold to Accell, a Dutch bicycle-making company. (Telegraph)

China to let in more foreign investment
China has almost tripled the amount of money foreign institutions can invest in its capital markets, in the latest move aimed at loosening strict capital controls and internationalising the renminbi.(FT)

Cairn buys North Sea oil explorers for $450 million
Cairn Energy has agreed a cash and shares deal with the Rothschild family to acquire Agora Oil, an oil and gas exploration company with assets in the North Sea, for $450 million. (FT)

GDF pressured to increase offer for UK group
GDF Suez of France will have to increase its offer for 30 percent of International Power by at least 15 pence per share, several people involved in the talks have said, after a leading investor in the British-listed company sold almost a third of his holding at about 405 pence per share. (FT)

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