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Monday, February 17, 2014

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02/17/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
RSA eyes sale of Canadian unit: Sky News
(Reuters) - British insurer RSA is looking for prospective buyers for the sale of one of its Canadian businesses, which could help the company raise as much as 200 million pounds ($335 million), Sky News reported on Sunday.
RLPC-Banks line up financing for buyout of UK's Callcredit
LONDON (Reuters) - A debt financing totaling around 235 million pounds ($393 million) will back UK credit reference business Callcredit Information Group's acquisition by US private equity firm GTRC and management, banking sources said on Monday.
Essar Energy's largest shareholder seen capping bid at 75 pence: report
LONDON (Reuters) - Essar Energy's majority shareholder is expected to make a bid for the remainder of shares it does not own in the coming days at a price tag of no more than 75 pence per share, the Sunday Times reported.
German publisher G+J mulls selling stake in China's BODA -report
FRANKFURT (Reuters) - German publisher Gruner+Jahr (G+J) is looking for a buyer for its stake of about 50 percent in Chinese publisher BODA, German magazine Der Spiegel reported, citing sources within the company.
Spain's Bankia sees 5-10 percent stake sale in first privatization round
MADRID (Reuters) - Spain will probably begin the privatization of bailed-out Bankia with the sale of a 5 to 10 percent stake to institutional investors, the bank's Chairman Jose Ignacio Goirigolzarri said in an interview published on Sunday.
Deutsche Telekom, Greece close to OTE stake deal: report
ATHENS (Reuters) - Germany's Deutsche Telekom is close to a deal to increase its controlling 40 percent stake in Greece's OTE by buying a further 10 percent from the debt-laden government, the newspaper To Vima reported.
Zain Bahrain IPO moves step closer with notice in government gazette
DUBAI (Reuters) - Zain Bahrain has moved a step closer to launching a long-awaited initial public offer of its shares after the telecommunications operator announced its intention to become a public company in a government newsletter.
LightSquared bankruptcy exit plan puts Ergen in uncertain position
NEW YORK (Reuters) - Bankrupt wireless company LightSquared Inc has proposed a new restructuring plan that would remove certain regulatory hurdles to its exit from Chapter 11 while potentially subordinating the bankruptcy claim held by its largest creditor, an entity run by Dish Network Corp Chairman Charles Ergen.
Russian retailer Lenta IPO books fully subscribed
MOSCOW (Reuters) - Russian hypermarkets chain Lenta's order book for its planned London stock market flotation is fully subscribed, including the over-allotment option, organizers of the deal told investors.
UK insurer RSA eyes $585 million placing: FT
LONDON (Reuters) - British insurer RSA is sounding out institutional investors to raise as much as 350 million pounds ($585.59 million) in a emergency share placing that would allow it to avoid a rights issue, the Financial Times reported on Saturday.
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