JOHANNESBURG - U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tire retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday.
Tue, Nov 25 2014
- Spain's Banco Santander SA is trying to obtain regulatory approval to sell a part of its stake in a solar energy project in Nevada to two Canadian pension funds, the Wall Street Journal reported on Tuesday.
LONDON - Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector's biggest players globally.
JOHANNESBURG - South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe.
JOHANNESBURG - U.S. private equity firm Carlyle Group LP has agreed to acquire a stake in South African tyre dealer Tiger Wheel & Tyre, according to a person familiar with matter, marking its first deal in Africa's most developed economy.
FRANKFURT - German drugmaker Bayer AG is considering a fresh attempt to sell its diabetes device business as it sharpens its focus on margin-rich healthcare sectors, two people familiar with the matter told Reuters on Tuesday.
Mon, Nov 24 2014
- Germany-based drugmaker Bayer AG is considering the sale of its diabetes device business, Bloomberg reported, citing sources.
NEW YORK - Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said Monday the U.S. Treasury yield curve could flatten at an "unthinkable" level next year.
- RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.
TORONTO - Canada's Hudson's Bay Co outlined a $1.25 billion refinancing plan Monday, in a move to reduce interest payments on debt it took on after it bought U.S. rival Saks last year, sending its shares up more than 9 percent in midday trading.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.