Financial Services & Real Estate Headlines

Generali says won't sell BSI if price not right

MILAN/LONDON - Italian insurer Generali SpA is still looking for buyers for its Swiss private banking business BSI, but won't sell if the price isn't right, company executives said on Thursday.

Apollo, TPG among funds circling Gherkin tower owner IVG

LONDON/FRANKFURT - Apollo and TPG Capital are among buyout funds holding the debt of IVG with the aim of taking control of the Germany property group as last-ditch talks with creditors near an end, three sources close to the situation told Reuters.

Temasek's Danamon suitors may now be Japanese, Chinese

HONG KONG/SINGAPORE - After the collapse of the DBS deal, the best bet of Singapore sovereign investor Temasek Holdings to sell its stake in Bank Danamon Indonesia Tbk PT is to find a Japanese or Chinese bank keen to expand in Southeast Asia's biggest economy.

UK government says no timetable, price target for Lloyds sale

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LONDON - Britain's government reiterated on Thursday that it has no set timetable or target share price for starting the sale of its 39 percent stake in state-backed bank Lloyds .

Generali wants good price for BSI sale: CEO

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MILAN - Insurer Generali is still looking to sell its Swiss private banking business BSI but is determined not to let it go cheap, Chief Executive Mario Greco said on Thursday.

Lloyds in position for UK to start selling shares: CEO

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LONDON - The chief executive of Lloyds Banking Group said it is now in a position for Britain to start selling its 20 billion pound stake in the lender, although the timing is up to the finance ministry.

Generali will "certainly exit" Telecom Italia in future: CEO

MILAN - Assicurazioni Generali will exit its investment in Telecom Italia , though it will do so at the right conditions, the insurer's CEO Mario Greco said on Thursday.

Wed, Jul 31 2013

American Homes 4 Rent prices IPO to raise $706 million: source

- Real estate investment trust American Homes 4 Rent priced its initial public offering of about 44 million Class A common shares at $16 apiece, the low end of its expected price range, according to a source briefed on the matter.

KKR to buy second clinical trials company this year

- KKR & Co LP said on Wednesday it had agreed to acquire ReSearch Pharmaceutical Services Inc (RPS) from private-equity peer Warburg Pincus LLC, marking its second announced investment in a global contract research organization in as many months.

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McCain, Biden coming together for Sedona, Arizona forum

These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.