Charterhouse eyes $1.6 billion offer for G4S unit: report
LONDON (Reuters) - British private equity group Charterhouse Capital Partners CHCAP.UL is mulling making a 1 billion pounds ($1.6 billion) offer for G4S's cash-solutions business, according to Bloomberg.
G4S, the world's biggest security firm, declined to comment and Charterhouse was not immediately available to comment on the report.
Charterhouse approached banks and its investors over financing a deal for the unit, which transports cash using high-security vehicles and manages ATM machines, according to three people familiar with the matter.
G4S is aware of the proposal and discussed the sale option internally, said one of the sources, but it may decide against a sale of the unit, according to the report.
($1 = 0.6178 British pounds)
(This version of the story corrects the headline to say $1.6 billion not £1 billion.)
(Reporting by Lorraine Turner; Editing by David Cowell)
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.