LONDON, March 27 (IFR) - European high-yield issuance may be up a whopping 89% on the year, but the steady stream of companies replacing loans with bonds has dried up in recent months.
FRANKFURT/LONDON, March 27 - Several investor groups are preparing to bid for German motorway service station group Taoutnk & Rast in a deal worth up to 3.5 billion euros ($3.8 billion), sources familiar with the transaction said on Friday.
March 27 - The following bids, mergers, acquisitions and disposals were reported by 1445 GMT on Friday:
FRANKFURT/LONDON, March 27 - Several investor groups are readying bids for German motorway service station group Tank & Rast, in a deal worth up to 3.5 billion euros ($3.8 billion), sources familiar with the transaction said.
JOHANNESBURG, March 27 - South Africa's biggest cement maker PPC Ltd has ended merger talks with unlisted rival Afrisam Group, the firm said on Friday, sending its shares nearly 5 percent higher.
* Co, PPC have not been able to reach consensus on terms of merger and therefore have, for now, terminated their discussions
* Has considered proposed merger and its merits, and has decided not to proceed
* Co and Aberdeen Asset Management Plc signed definitive agreement for Aberdeen to purchase co's remaining 49.9 pct stake in Aberdeen Svg Private Equity
SHANGHAI, March 27 - China Minsheng Investment Group said on Friday it would invest $5 billion to develop an industrial park in Indonesia, in a move to support China's "one belt, one road" project.
LONDON/FRANKFURT, March 27 - Goldman Sachs and KKR have sold their remaining 13.9 percent stake in German forklift truck maker Kion at 38.15 euros ($41) a share, two people familiar with the transaction said on Friday.
MUMBAI/NEW DELHI - India's biggest airline by market share, IndiGo, is preparing to file a draft prospectus by May for a stock listing to raise $300 million to $400 million, two people with knowledge of the plans said, aiming to cash in on a boom in budget air travel.
REUTERS - Vedanta Resources Plc said it would file a notice of claim related to a tax demand of about 205 billion rupees ($3.29 billion) its unit Cairn India Ltd received from the Indian government this month.