PRESS DIGEST- Financial Times - Dec 6
Dec 6 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
FRANKFURT, July 31 Buyout group Hellman & Friedman has started preparations for a potential stock market listing of Scout24 just months after buying the German classified advertising group from Deutsche Telekom, three sources familiar with the matter said.
The private equity investor has chosen STJ Advisors to organise the process, in which Goldman Sachs and Credit Suisse are expected to act as so-called global coordinators with the help of Jefferies, JP Morgan and Barclays, they added.
Scout24, the advisors and Deutsche Telekom declined to comment, while STJ and Hellman & Friedman were not immediately available for comment.
($1 = 0.7467 Euros) (Reporting by Sophie Sassard, Arno Schuetze, Freya Berry and Alexander Hübner)
HONG KONG, Dec 6 Fosun International Ltd , China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med.
BOSTON, Dec 5 For hedge fund manager Sahm Adrangi, 2016 is the year that can not end quickly enough.