Private Capital

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UPDATE 1-Vattenfall hires Citi to help sell German lignite assets - sources

* Czech group has expressed interest, German peers declined

Vattenfall mandates Citi for sale of German lignite assets -sources

FRANKFURT, Nov 24 - Sweden's Vattenfall has mandated Citi to organise the sale of its lignite power plants and mines in Germany as it retrenches from past large-scale acquisitions that have sent it deep into the red, two people familiar with the situation said.

Regulatory News 8:41pm IST

TRLPC-Vivarte's loans plummet again to distressed levels

LONDON, Nov 24 - The secondary price of struggling French retailer Vivarte's loans have plunged to distressed levels and the company will meet lenders and shareholders before the end of the year to discuss its options, banking sources said on Monday.

8:05pm IST

Deals of the day- Mergers and acquisitions

(Adds American Tower, BioMarin Pharmaceuticals, Hulamin, BM&FBovespa, RenaissanceRe Holdings; updates BT Group, World Duty Free)

Funds 8:02pm IST

MOVES-Morgan Stanley hires Dekabank's Behrens as Germany head

FRANKFURT, Nov 24 - Morgan Stanley has hired Oliver Behrens as country head for Germany, several people familiar with the situation said.

Regulatory News 7:44pm IST

MOVES- Cordea Savills, Bluebay Asset Management, Renaissance Capital

Nov 24 - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com.

7:41pm IST

Carlyle seeking $5 bln for fund with longer life - Bloomberg

Nov 24 - Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported.

Regulatory News 6:25pm IST

UPDATE 2-Egypt's Beltone to issue bonus shares, raise capital

CAIRO, Nov 24 - Egypt's Beltone Financial Holding's unveiled a one-for-two stock dividend plan as part of a two-stage capital increase programme of up to 242 million Egyptian pounds ($33.9 million) to fund growth in its financial services business.

1:22pm IST

Finnish packaging company Huhtamaki sells films business

HELSINKI, Nov 24 - Finnish packaging company Huhtamaki, known for making paper cups for McDonald's , has agreed to sell its films business in a deal led by German private equity company Deutsche Beteiligungs AG for 141 million euros ($175 million).

1:18pm IST

CORRECTED-Canadian buyout firm Onex to buy Swiss packaging group SIG

(Corrects paragraph 6 to say SIG backed by Reynolds Group Holdings Limited not Reynolds American Inc)

Regulatory News, 12:51pm IST
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Kotak bank buys ING Vysya in record $2.4 billion share deal

MUMBAI - Kotak Mahindra Bank has agreed to buy ING Vysya in an all-share deal valuing its smaller rival at $2.4 billion, bulking up as analysts predict the start of long-awaited consolidation in a crowded banking sector.

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Congress signals it could back Modi's insurance reform plan

NEW DELHI - The main opposition Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence.

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