Search Results for:Bloomberg News

US-based Coronado to list after raising $550m in Australia’s biggest coal IPO

Coronado decided to list in Australia after a string of bankruptcies soured U.S. investor appetite for coal.

Swiss Re said to have held talks to invest in Chinese insurer Anbang

Since China temporarily seized the acquisitive insurer earlier this year and sentenced its chairman to prison, officials been seeking strategic investors both at home and abroad to take stakes in Anbang.

India: Bhushan Power creditors are said to back JSW’s $2.7b takeover bid

JSW bid about 196 billion rupees ($2.7 billion), higher than rivals Tata Steel Ltd. and Liberty House Group.

Uber looks to hike size of debut bond offer to $2b as orders pile up

Uber is wrapping up the deal after Morgan Stanley and Goldman Sachs Group Inc. told the firm it could be valued at about $120 billion in an IPO next year

Temasek said to be exploring options to pick stake in China’s Anbang

Temasek already has a number of investments in Chinese banks, a show of its confidence in the nation’s huge and growing financial sector.

HNA in talks to sell airport services firm Swissport to Brookfield

HNA, which bought Swissport in 2015 from buyout firm PAI Partners for $2.8 billion, is selling off assets after racking up one of China’s biggest corporate debt loads in a global acquisition spree.

China’s Anta, FountainVest in advanced talks to buy Finnish firm Amer Sports

Amer’s portfolio of well-known sports brands is an attractive prospect for Anta ahead of the upcoming Olympic Games in Asia.

China’s Ganfeng Lithium shares plummet in HK trading debut

The Chinese company’s listing was already clouded by falling lithium prices and widespread speculation about too much supply ahead.

BMW agrees to pay $4.1b to lift its stake in auto JV with Brilliance China

BMW’s stake will increase to 75% from 50%. The deal is set to close in 2022, when China plans to end its requirement for JVs in the auto industry.

Geely, Daimler in talks to launch ride-hailing services in China

The fresh competition comes at a time when Chinese ride-hailing company Didi is facing unprecedented regulatory scrutiny in China as well as cash-draining initiatives to fend off rivals like Meituan Dianping.