The Government is planning to auction the Tote in the first quarter of next year after ministers decided that they could not accept the racing industry’s knock-down £320m offer for the state-owned bookmaker.
As The Daily Telegraph revealed last month, the Government’s adviser, PricewaterhouseCoopers, told ministers that the valuation was too low and that any deal […]

The result of the auction of Italian vending machine operator Gruppo Argenta is expected to be announced this week, banking sources told Reuters Loan Pricing Corporation on Monday. Gruppo Argenta, which is being sold by private equity sponsor Advent, could fetch a price of around 750 million euros.
Bidders include Bain Capital, Cinven and a consortium […]

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Through a cooperative […]

TelstraClear has pulled out of the bidding for WiMax spectrum being auctioned by the Government, leaving eight bidders sparring for the eight blocks on offer.
Spokesman Chris Mirams says that TelstraClear registered for the auction to keep its options open, but does not believe WiMax wireless broadband services will be competitive with fixed-line broadband, which it […]

On Monday, the Fed is due to offer the first $20 billion of 28-day funds through its Term Auction Facility, with the European Central Bank offering as much again, and the Swiss National Bank providing as much as $4 billion

World Energy Solutions, Inc. (TSX: XWE), the operator of leading online exchanges for energy and environmental commodities, today announced the company has completed one of the first online auctions in the US for verified emission reductions (VERs) on the World Green Exchange. Through the World Energy platform, Atmosclear, an organization committed to providing offsets to […]

The lowest accepted price at Tuesday’s auction of 2.0 trillion yen worth of five-year Japanese government bonds was 100.03 yen, giving a yield of 1.093 percent, the Ministry of Finance said.
Of the successful bids, 55.4668 percent were made at the lowest price, the ministry said.
The average bid was 100.06 yen, giving a yield of 1.087 […]

Brazil planned to sell the right to build a 12-billion real ($6,8bn) hydroelectric project yesterday, reviving plans for large-scale dams in the Amazon to meet the energy needs of Latin America’s biggest economy.
Paris-based Suez, Endesa of Spain and units of Centrais Eletricas Brasileiras, (Eletrobras), the state-controlled utility holding company, are among qualified bidders. The […]

NetSuite on Monday said it has finally launched the auction portion of its initial public offering, giving individual investors rather than underwriters the opportunity to set its opening stock price.
Company executives have said NetSuite plans to use its IPO proceeds to pay off debt, build a second datacenter and possibly make some acquisitions.
The firm, which […]

The Treasury’s schedule of financing this week includes today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 3.06 percent. The rate on the six-month issue was 3.25 percent, and […]