March 11 The following corporate finance-related
stories were reported by media over the weekend and on Monday:
* Singapore state investor Temasek Holdings will
take a stake in Essen-based chemicals company Evonik Industries
, which is preparing for a stock market share listing,
two sources close to one of the German company's owners told
* Emirates NBD, Dubai's largest lender, has hired
six banks to help arrange a benchmark-sized subordinated bond
sale, four sources familiar with the plan said, as it seeks to
reduce government support for its capital ratios.
* Cerberus Capital Management LP will announce plans as
early as Monday to raise its stake in Seibu Holdings Inc and
install new directors to tighten its grip over the Japanese
railway and property group, finance industry sources briefed on
the plan said.
* AT&T Inc is considering buying a 25 percent stake in
India's Reliance Jio Infocomm Ltd, a
telecommunications venture controlled by billionaire Mukesh
Ambani, for $3.5 billion, the Times of India newspaper reported.
* CVC Capital Partners and PT Multipolar Tbk launched on
Monday an up to $1.36 billion offering of shares in retailer PT
Matahari Department Store, seeking to benefit from growing
investor appetite for consumer stocks in Indonesia and partially
cash out of one of their most profitable investments in the
* Britain is close to signing a 35-year deal with French
energy group EDF to build the first of a new wave of
nuclear power plants after reaching an agreement on subsidies,
the Independent newspaper reported on Sunday.
* The $1.3 billion Amtek Auto, one of the largest
integrated auto component manufacturers in India, is close to
acquiring NeumayerTekfor Group of Germany for about $500
million, the Economic Times reported on Monday.
* Ladbrokes, Britain's second-largest bookmaker, is
poised to strike a deal with gaming software supplier Playtech
to boost its online operations, The Sunday Times
* Several leading investors in WPP, the world's
biggest advertising group, are prepared to push for the exit of
CEO Martin Sorrell if they do not get their way over cuts to his
pay package, The Sunday Times reported.
* Technology products retailer CDW, which was taken private
by Madison Dearborn Partners LLC and Providence Equity Partners
for $7.3 billion in 2007, has hired banks for an initial public
offering later this year, people familiar with the matter said.