Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
Norway's $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
KKR offers 40% premium to buy out Axel Springer minorities
Funds controlled by U.S. private equity investor KKR on Wednesday offered 63 euros a share to buy out minority shareholders in Axel Springer in a deal...
Reckitt picks PepsiCo executive as next CEO
British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan as its next chief executive officer, to succeed Rakesh Kapoor.
BAT sees further growth in vaping, e-cigarette products this year
British American Tobacco, the world's No. 2 tobacco company, on Wednesday forecast sales of vaping and e-cigarette products to accelerate in the second half of the...
Adidas slides as traders say top investor GBL plans to sell part of stake
Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm's top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a...
Dassault Systemes targets life sciences with $5.8 billion Medidata deal
France's Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on...
Saudia airline close to placing order for Airbus aircraft: sources
Saudi Arabian Airlines is close to placing a multi-billion-dollar order for aircraft at least partly involving Airbus jets, people familiar with the matter said on Wednesday.
Skoda Auto's May deliveries drop 6.6% on weaker Chinese market
Global deliveries for Skoda Auto, part of the Volkswagen group, dropped by 6.6% to 104,900 vehicles in May, pulled down by a weaker overall market in...
Ford opens new research center in Tel Aviv
U.S. automaker Ford Motor Co said on Wednesday it opened a research center in Tel Aviv, becoming one of several global automakers beefing up operations in...
KKR says investment pact with Springer valid for five years
U.S. private equity investor KKR said on Wednesday its investment agreement with the main shareholders in German publisher Axel Springer, under which it is making an...
Adidas shares slide as traders say top investor GBL to cut stake
By Thyagaraju Adinarayan, Emma Thomasson and Philip Blenkinsop
Reckitt picks PepsiCo man as CEO, going outside for first time
Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company...
Heated Hong Kong protests dent stocks, spike cash demand
Hong Kong's financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration...
Explainer: Why proposed changes to Hong Kong's extradition law are fueling protests
Hong Kong's government has indefinitely delayed the second round of debate on an extradition bill that would allow people to be sent to mainland China for...
China reiterates support for Hong Kong government on extradition law
China's central government firmly supports the Hong Kong government in passing an extradition law allowing people to be sent to mainland China for trial, the foreign...