13.05.2010 - Istithmar's ISS bids due May 28; seen up to $800mln
From Dow Jones: Final bids for Istithmar's port and shipping agent, Inchcape Shipping Services, are due May 28 and offers could reach as much as $800 million amid an aggressive auction, people familiar with the situation told Dow Jones Newswires Wednesday. Istithmar is part of Dubai's sovereign wealth fund. The five shortlisted bidders are Cinven Group Ltd., CVC Capital Partners Ltd., Carlyle Group LP., General Atlantic LLC., and Canadian pension fund Omers, or the Ontario Municipal Employees Retirement System, and all five are likely to submit final bids, the people said..............................................Full Article: Source
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