retail business to Kuwait Petroleum International (KPI) in a
network. No price indication was given for the deal, but a
report in Italian daily MF said the network could be worth up to
500 million euros ($687 million).
** U.S.-based investment fund Colony Capital and the founder
of Risanamento SpA have offered to buy stakes in the
loss-making Italian property company from creditor banks. The
Italian newspaper Il Sole 24 Ore said U.S. businessman Tom
Barrack, the founder and head of Colony Capital, was ready to
launch a bid for Risanamento worth around 250 million euros.
** Dongfeng Motor Group Co Ltd, whose listed unit
has agreed to buy a 14 percent stake in PSA Peugeot Citroen
, said it would invest 2 billion yuan ($329 million) to
expand its technology center to boost indigenous vehicles.
** Private equity firm Blackstone Group LP and
Singapore sovereign wealth fund GIC are in advanced talks to buy
minority stakes in Kronos Inc that could value the
human resources software company at around $4.5 billion,