Industry News

Columbia Property Trust, Inc. today announced that it completed the sale of 800 North Frederick Avenue, an office property in the Washington, D.C., suburb of Gaithersburg, Maryland, to SunCap Property Group, for gross proceeds of $48 million. Columbia intends to use the proceeds to reduce borrowings on its revolving credit facility. Acquired by Columbia in 2004, the 40- acre 800 North Frederick property, which includes a 393,000- square-foot office building..."/>
Columbia Property Trust Completes the Sale of 800 North Frederick Avenue in Gaithersburg, Maryland
Santander Consumer USA Holdings Inc. today announced that William Rainer, a current member of the SC Board of Directors and Chairman of the Audit and Regulatory and Compliance Oversight Committees, has been appointed Chairman of the SC Board. Blythe Masters has resigned from the SC Board of Directors to take on a new role with Banco Santander, S.A. as Group Senior Advisor on blockchain. Masters will also join Banco Santander's International..."/>
Santander Consumer USA Holdings Announces Appointment of William Rainer as Board Chairman
S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Refinery throughput in May averaged 10.46 million b/d, data from the China's National Bureau of Statistics showed June 12."/>
Platts China Oil Analytics: China Oil Demand Fell 2.7% Year over Year in May
CBRE Clarion Global Real Estate Income Fund's board of trustees approved a monthly distribution of USD0.05 per share for July 2016, the company revealed on Tuesday. With an ex-dividend date of 19 July 2016, all shareholders of record date on 21 July 2016 will receive the distribution payment on 29 July 2016. Also, the fund said that its current annual distribution rate is 7.4% based on the closing market price of USD8.06 per share and 6.3% based on a closing NAV of USD9.51 pe..."/>
CBRE Clarion Global Real Estate Income Fund announces USD0.05 per share distribution for July 2016
Regency Centers Corporation priced an underwritten public offering of 4,350,000 shares of its common stock that will result in about USD353m of gross proceeds, before underwriting discounts and commissions and estimated offering expenses, it stated on Tuesday. Subject to customary closing conditions, the offering will close on 15 July 2016 and the company granted the underwriters a 30- day option to purchase up to 652,500 additional shares of its common stock."/>
Regency Centers prices common stock offering of about USD353m gross proceeds
Equinix, Inc., the global interconnection and data center company, today announced that it will build a new International Business Exchange™ in Amsterdam at its existing campus at the Amsterdam Science Park. The newest data center, called AM4, will support growing demand for Platform Equinix™ in Amsterdam, one of the most network-dense locations globally. Equinix also announced today it is now offering direct..."/>
Equinix Invests $113M in New Amsterdam Data Center
Houlihan Lokey, Inc., the global investment bank, today announced that Larry DeAngelo and Paul Simpson have joined the firm as Managing Directors to lead the firm's global Business Services Group. Simpson is based in London and Mr. DeAngelo is based in Atlanta."/>
Houlihan Lokey Substantially Grows Global Business Services Industry Group
Equinix, Inc., the global interconnection and data center company, today announced the immediate availability of Amazon Web Services Direct Connect cloud service in Equinix's Amsterdam International Business Exchange data centers. With AWS Direct Connect, companies can connect their customer-owned and managed infrastructure directly to AWS, establishing a private connection to the cloud that can reduce costs,..."/>
AWS Direct Connect Service now Available in Equinix Amsterdam
LafargeHolcim at an enterprise value of $1.4 billion, in what could be the largest deal financed by bonds in India. The company, best known for its success in the detergent business in the 1970 s and 1980 s--it was a formidable competitor to Hindustan Unilever Ltd--plans to raise about Rs.4, 000 crore from the domestic corporate bond market to part-finance its purchase, said three bankers familiar with..."/>
Nirma to buy Lafarge India assets from LafargeHolcim for $1.4 billion [Mint, New Delhi]
Quess Corp shares jump 57% on debut [Mint, New Delhi]
SYNNEX Corp. for $420 million, SYNNEX said on Monday. SYNNEX, a Fortune 500 corporation, will integrate Minacs into its wholly-owned subsidiary Concentrix. SYNNEX is a leading business process services company, optimizing supply chains and providing outsourced..."/>
BPO firm Minacs sold to US-based SYNNEX [Mint, New Delhi]
LafargeHolcim, Karsanbhai Patel, founder chairman of Nirma Ltd, looks set to storm India's lumbering Rs.2 trillion cement industry. Once the proposal receives regulatory and shareholder approvals, Nirma will be among the 10 largest cement producers in the country with an installed capacity of 13 million tonnes. The move marks a second coming for Patel, the feisty founder of the..."/>
Nirma's Karsanbhai Patel back in spotlight with Lafarge cement deal [Mint, New Delhi]
Aegon Provides Update on UK Annuity Book Divestments
LafargeHolcim, Karsanbhai Patel, founder chairman of Nirma Ltd, looks set to storm India's lumbering Rs.2 trillion cement industry. Once the proposal receives regulatory and shareholder approvals, Nirma will be among the 10 largest cement producers in the country with an installed capacity of 13 million tonnes. The move marks a second coming for Patel, the feisty founder of the..."/>
Nirma's Karsanbhai Patel back in spotlight with Lafarge India deal [Mint, New Delhi]
IndusInd Bank Ltd's strong run continues. Its loan book grew 30% in the June quarter. Net interest income rose by 38%, with margins being stable; and while growth in non-interest income fell as expected, the drop was negligible."/>
IndusInd Bank meets high expectations [Mint, New Delhi]
Rural Electrification Corp. and Power Finance Corp. will offer loans specially designed for renewable energy projects as they seek to help the sector meet its massive financing requirements, minister for power, coal, mines and renewable energy Piyush Goyal said. Goyal told reporters that the government was also planning to set up a dedicated fund for making equity investments in renewable projects, but was waiting for..."/>
REC, PFC to step up clean energy funding: Piyush Goyal [Mint, New Delhi]
HDFC to issue masala bonds this week [Mint, New Delhi]
Igarashi Motors India Ltd Monday said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale at a floor price of Rs.650. P. Mukund, who is selling the stake, owns 32.60% or nearly 10 million shares in Igarashi. The offer will be open on 12 and 13 July, the company informed the stock exchanges."/>
P Mukund to sell 10.35% stake in Igarashi Motors [Mint, New Delhi]

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