NWS Holdings Ltd (0659.HK)
20 Jan 2017
PARIS, Nov 2 French waste and water group Suez is restructuring its businesses in China to put it in a better position to win market share, its chief executive said.
HONG KONG Hong Kong-based Bank of East Asia said it has agreed to sell its share registry arm Tricor Holdings to private equity firm Permira for HK$6.5 billion ($837.91 million) in a deal that will bolster the lender's capital reserve.
* Deal cash to help bank improve capital position (Adds financial details, background, share price)
HONG KONG Private equity firm Permira has emerged as the preferred bidder to buy Bank of East Asia Ltd's share registry unit Tricor Holdings for between $750 million and $800 million, sources said on Tuesday, after six months of bidding that attracted the interest of top Chinese insurers among others.
* Permira expected to fund deal with $450 mln equity (Adds details of bidding, Elliott Capital Management criticism)
HONG KONG Bank of East Asia , under attack from activist investor Elliott Management, has received about five final bids from suitors including Vistra Group and buyout firm Permira for its share registry business that is valued at about $800 million, people familiar with the matter said.
* Vistra, Permira among strong bidders for unit (Adds details of bidding and background on Hong Kong banking market)