Feb. 12, 2014, 4:50 AM
- Goldman Sachs (GS) and Deutsche Bank (DB) are looking to exit an area of operations that not that many people know they're involved in: trading supplies of raw uranium, which is also known as yellow cake.
- Between them, the companies have built up stockpiles of low-grade uranium larger than those held by Iran.
- However, with scrutiny of banks' physical-commodities trading increasing and uranium demand low following the Fukushima disaster, the firms are looking to sell their uranium trading desks.
- Australian bank Macquarie (MCQEF) is reportedly interested in Goldman's operations, which are called NUFCOR.
Aug. 27, 2012, 1:50 AM
After two years of trying, Hertz (HTZ) is set to acquire Dollar Thrifty (DTG) in a deal worth $2.3B. The price of $87.50/share represents a premium of 8% on the latter's close of $81 on Friday. To help obtain the blessing of regulators, Hertz also agrees to sell its Advantage Rent-A-Car unit to Franchise Services of North America and Macquarie Capital for a reported $16M. (PR)| Aug. 27, 2012, 1:50 AM | 1 Comment
May 16, 2012, 3:56 PME.ON (EONGY.PK) confirms the sale of its natural gas transmission grid to a consortium led by Macquarie (MQBKY.PK) for €3.2B ($4.07B). E.ON's sale of Open Grid Europe will help the German utility reduce debt amid a weak domestic electricity market; the Australian bank will gain a network that accounts for ~70% of Germany's total annual shipping volume. | May 16, 2012, 3:56 PM
May 15, 2012, 4:16 AM
Jan. 5, 2012, 5:24 AMChina Development Bank and Japan's Sumitomo Mitsui (SMFG) are the finalists in an auction for RBS's (RBS) aircraft leasing unit in a transaction that could be worth up to $7.5B, Reuters reports. With Wells Fargo (WFC) and a Macquarie (MQBKY.PK) led group dropping out, RBS could disclose the winner next week. | Jan. 5, 2012, 5:24 AM
Nov. 28, 2011, 8:21 AMRBS (RBS +8%) is examining final bids for its aircraft leasing business, which could fetch up to $8B, Reuters reports. Those in the running for RBS Aviation Capital are China Development Bank, Wells Fargo (WFC), Sumitomo Mitsui (SMFG) and a Macquarie-led consortium (MQBKY.PK). | Nov. 28, 2011, 8:21 AM