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Family Business Roundup: News Corp to delist; Suntory files for IPO; Fiat plans Chrysler purchase

May 31, 2013

News Corp to delist in London when it splits its business activities; Japanese drinks firm Suntory plans $4.7 billion IPO; and Fiat wants to buy the remaining stake in Chrysler.

News Corp

News Corp has announced it will delist from the London Stock Exchange when it splits its publishing and entertainment activities next month.

Rothschild to make millions with new deal

September 7, 2011

Nathaniel Rothschild, a scion of the Rothschild banking dynasty, looks set to make millions by announcing plans to merge his London-listed investment vehicle Vallares with oil producing group Genel Energy International.

The merger, announced on 6 September, will see Vallares acquiring a 100% stake in Genel through the issue of new shares worth $2.1 billion, the group said in a statement.

Essar's energy unit has big ambitions in India and beyond

August 20, 2010

India-based Essar Energy, a subsidiary of family-owned Essar Group, released half-year results showing a profit before tax of $154.4million, a decrease from $233.6million in the same period a year ago.

However, second-generation Prashant Ruia, vice chairman of Essar Energy, said: "In terms of the actual results of the company we have been more or less in line with our projections. On the refining side, production has totalled 7.2 billion tonnes which has been a record."

Essar Energy raises £1.2 billion in IPO

May 4, 2010

India-based Essar Energy, a subsidiary of the family-owned Essar Group, raised £1.2 billion on Friday in an IPO on the London Stock Exchange.

Essar Energy announces listing as Ruia family plots global expansion

April 8, 2010

India-based Essar Energy, a subsidiary of the family-owned Essar Group, announced today it is planning to list its shares on the London Stock Exchange and expects to raise $2.5 billion.

India-based Essar Energy, a subsidiary of the family-owned Essar Group, announced today it is planning to list its shares on the London Stock Exchange and expects to raise $2.5 billion.

The IPO will be one of the largest by an Indian company on the LSE and Essar said it hopes to be considered for inclusion in the FTSE 100 Index upon completion of the listing.