Company Investment News – TPG Capital, JCPenney, BlackBerry, Japan’s SMBC said to be in talks for TPG’s .2 billion Indonesian bank stake
HONG KONG/TOKYO (Reuters) – Japan’s Sumitomo Mitsui Banking Corp is in advanced talks to buy a .2 billion stake in BTPN, an Indonesian lender backed by TPG Capital, people familiar with the matter told Reuters.
JCPenney fighting for survival
JCPenney ousted CEO Ron Johnson earlier this week. Now the retailer is working with investment firm The Blackstone Group to figure out ways to raise cash, according to two sources familiar with the process.
Telefonica receives 7 million credit line for Blackberry phones
MADRID (Reuters) – Telefonica, Europe’s biggest telecoms operator by revenue, has received a 200 million euro (7 million) financing facility from the Canadian export agency to buy BlackBerry smartphones and services. Export Development Canada (EDC) said the credit line to Telefonica would be used to provide BlackBerry products and services across Telefonica’s international operations. Telefonica operates in more than a dozen fast-growing Latin American markets as well as its depressed home market of Spain and other European markets. …