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Blackstone nears take-private deal for L'Occitane, Bloomberg News reports

(Reuters) -Blackstone Inc is closing in on a deal to take Hong Kong-listed skincare company L'Occitane International SA private, Bloomberg News reported on Tuesday, citing people familiar with the matter. The $5.55-billion French cosmetics company halted trading in its Hong Kong shares earlier in the day ahead of a likely announcement spelling out details on any takeover plans. The U.S. private equity giant may join hands with L'Occitane's billionaire owner Reinold Geiger, accor...
Hong Kong Sherry Jacob Phillips Reinold Geiger Rishav Chatterjee Loccitane International Blackstone Inc
Source: yahoo.com

HSBC to sell Argentina business to Grupo Financiero Galicia in $550 million deal

(Reuters) -HSBC Holdings said on Tuesday it will sell its Argentina business and record a $1 billion pre-tax loss from the divestment in the first quarter of fiscal 2024 as the lender moves to sharpen its focus on Asia. HSBC will sell the business, which covers banking, asset management and insurance and $100 million in subordinated debt, to Grupo Financiero Galicia for $550 million, according to a statement. Buenos Aires-based Galicia is Argentina's fifth largest bank.
Ping An Shounak Dasgupta Rishav Chatterjee Savio Dsouza Mark Tucker Royal Bank
Source: yahoo.com

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SingTel dismisses media report of sale of Australian unit Optus

SYDNEY (Reuters) -Singapore Telecommunications (SingTel) is looking to sell a significant stake in its wholly owned Australian unit Optus to Canadian private equity giant Brookfield, a source with direct knowledge of the matter said on Wednesday. Southeast Asia's largest telco operator is in advanced talks with Brookfield over the stake sale, the source said, declining to be named as the information is not public yet. Earlier on Wednesday, SingTel dismissed a report by the Australian Fina...
New South Wales Nova Scotia Rishav Chatterjee Sameer Manekar Kim Coghill Tom Westbrook
Source: yahoo.com

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