Search Results for:Arno Schuetze
It is competing with CPPIB, which already owns a minority stake in Ista.
IPO could provide boost to Rocket Internet that holds a 35% stake in the firm.
IPO to value firm at 3.5-4 billion euros.
Potential bidders include China’s Fosun and Primavera Capital.
It plans to announce its intention to list mid-June with an IPO four weeks later.
Germany’s top lender Deutsche Bank is promoting two of its senior managers to deputy chief executives, complementing strategic adjustments and an 8 billion euro ($8.50 billion)capital raise. Finance head Markus Schenck and retail head Christian Sewing will take on roles as co-deputy chief executives alongside bank chief John Cryan with… Read more »
Chinese interest in a takeover of lighting group Osram Licht AG has cooled amid signs of mounting political opposition to Chinese acquisitions in Germany, two people familiar with the matter said on Tuesday. Sanan Optoelectronics and venture capital firm GSR Go Scale Capital Advisors have stopped pursuing a bid for… Read more »
Deutsche Bank has received regulatory approval for the sale of its 20 percent stake in Chinese peer Hua Xia to PICC Property and Casualty, it said on Thursday. Deutsche Bank had said in the past that it was selling the stake for 3.2 to 3.7 billion euros ($3.6-4.1 billion), depending… Read more »
Beijing Capital (600008.SS), which had lost out in the EEW auction, is among the groups preparing bids by a November 21 deadline, along with China Energy Conservation & Environmental Protection Group (CECEP).
SK Chemicals Co Ltd, a pharmaceutical unit of South Korea’s SK Group; Austrian plastics group Borealis , owned by Abu Dhabi’s sovereign wealth fund IPIC and oil and gas company OMV ; and privately-owned Switzerland-based chemicals company Ineos are set to bid for the asset.