Blackstone plans to create $6.8 billion warehouse unit

plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will ultimately be publicly listed or sold, according to people with knowledge of the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 12th, 2019

Swiss Re plans $4.5 billion IPO for UK unit to help expansion

Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion......»»

Category: topSource: reutersJun 7th, 2019

Blackstone bets big on Amazon, e-commerce with $18.7-billion acquisition

The mall is now a warehouse, and Blackstone Gr.....»»

Category: topSource: latimesJun 3rd, 2019

The Wall Street Journal: Blackstone to buy warehouse network in record $18.7 billion deal

Blackstone Group LP is buying a network of U.S. industrial warehouses from Singapore-based GLP for $18.7 billion, including debt, in the largest private real-estate transaction ever......»»

Category: topSource: marketwatchJun 2nd, 2019

Colfax reportedly close to selling air and gas unit for $1.8B

Colfax Corp. reportedly plans to sell its air and gas handling business division for more than $1.8 billion to help pay for a major purchase the company closed on earlier this year. Annapolis Junction-based Colfax is close to a deal with private e.....»»

Category: topSource: bizjournalsMay 13th, 2019

Pepsi says to invest $4 billion in Mexico in 2019-2020

PepsiCo Inc said on Monday that it plans to invest $4 billion in Mexico between 2019-2020 with partner Grupo Gepp and create around 3,000 new jobs......»»

Category: topSource: reutersMay 6th, 2019

Samsung Elec to invest $9.6 billion annually in logic chips until 2030

Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period......»»

Category: topSource: reutersApr 24th, 2019

Blackstone to become corporation as assets top $500 billion

Blackstone Group LP’s shares soared the most in two years after announcing plans to convert to a corporation from a publicly traded partnership. Changing the company’s structure opens up the stock... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 21st, 2019

Walmart to Sell British Unit Asda to U.K. Rival Sainsbury

Walmart said it would sell its British arm Asda to rival J Sainsbury, a deal that values the chain at about $10 billion and would, if successful, create the largest player in the U.K.’s fiercely competitive grocery market......»»

Category: smallbizSource: wsjApr 30th, 2018

Airtel said to plan Africa unit IPO in $4.6 billion debt cut

India's top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019.....»»

Category: topSource: business-standardMay 9th, 2018

GM Korea to turn a profit in 2019; plans SUV, crossover

(Reuters) - General Motors Co's South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover vehicle for the local market and for export......»»

Category: topSource: reutersMay 11th, 2018

Toshiba upbeat about Chinese review of $18 billion chip unit sale

TOKYO (Reuters) - Toshiba Corp is upbeat about the prospects of clearing China's antimonopoly review of the $18 billion sale of its chip unit, its CEO said, dismissing reports it may pursue alternative plans if the review drags beyond the deal's deadline......»»

Category: topSource: reutersMay 15th, 2018

Foxconn Unit Plans China"s Biggest IPO Since 2015

A unit of Taiwan’s contract electronics manufacturer Foxconn Technology Group said it plans to raise $4.25 billion through an initial public offering in Shanghai, potentially marking China’s biggest IPO since 2015......»»

Category: smallbizSource: wsjMay 23rd, 2018

SoftBank Will Invest $2.25 Billion in GM’s Self-Driving Car Unit Cruise

It will give Softbank a nearly 20% stake in Cruise. Japan's SoftBank plans to invest $2.25 billion into GM’s self-driving car unit Cruise to help bring fleets of autonomous veh.....»»

Category: europeSource: fortuneMay 31st, 2018

Blackstone REIT Upsizes Fundraising Goal by $10 Billion -- With a "B"

BREIT in March closed the $1.8 billion purchase of a 22 million-square-foot portfolio of 146 warehouse and distribution properties across the country. Blackstone Real Estate Income Trust, Inc. (BR.....»»

Category: worldSource: nytJun 13th, 2018

Blackstone selling two jumbo loans for F&R buyout

LONDON (LPC) - Selldown of the jumbo $13.5 billion financing backing Blackstone Group’s $20 billion acquisition of a 55 percent stake in Thomson Reuters’ Financial and Risk unit is under way, banking sources said on Friday......»»

Category: topSource: reutersJun 29th, 2018

Thomson Reuters launches $9 billion buyback, sending shares higher

Thomson Reuters Corp on Tuesday launched a $9 billion share buyback, sending its shares higher, and said it would complete the sale of a majority stake in its Financial & Risk unit to Blackstone Group LP on Oct. 1......»»

Category: topSource: reutersAug 28th, 2018

SiriusXM Announces Plans to Acquire Pandora for $3.5 Billion

The combination would create the 'world's largest audio entertainment company.' Siriu.....»»

Category: europeSource: fortuneSep 24th, 2018

French government to cut taxes on businesses, households

The French government plans to cut taxes by 24.8 billion euros ($29.2 billion) next year in an effort to boost the economy and create more jobs......»»

Category: topSource: foxnewsSep 24th, 2018

Cloudera, Hortonworks merging to form $5.2 billion cloud data management business

Hortonworks Inc. and Cloudera Inc. announced plans to create a $5.2 billion cloud data management business through what they are calling a "merger of equals." Despite that claim, shareholders in Palo Alto-based Cloudera will control about 60 perc.....»»

Category: topSource: bizjournalsOct 3rd, 2018

Honda joins forces with GM to create a new self-driving car

Honda plans to invest $2 billion over a period of 12 years into self-driving initiatives with General Motors......»»

Category: topSource: moneycentralOct 4th, 2018