News 

Thai Beer Magnate Extends SE Asia Push With $4.8 Billion Sabeco Deal

“Late on Sunday, Singapore-listed Thai Bev had said that the Vietnamese unit had submitted the registration form to participate in the bidding” writes Min Read for reuters.com. The Sabeco deal will also help Thai Beverage (Thai Bev) tap into Vietnam’s beer market, worth about $6.48 billion last year, where a young population and booming economy are an attractive lure, despite political resistance, a high minimum bid price and a cap on foreign ownership.Thai Bev’s local unit, Vietnam Beverage Co Ltd, was named winner of the 54 percent Sabeco stake on…

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Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

“HO CHI MINH CITY (Reuters) – A unit of Thai Beverage won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco in the country’s biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday” reports businessinsider.com. Thai Beverage emerged as the only buyer for a majority stake as global brewing groups stayed out of the auction. Source: businessinsider.com Share This:

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Exclusive: KKR wins auction for Unilever’s spreads business – sources

“(Reuters) – Private equity firm KKR is in exclusive talks to buy Unilever’s margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion” reports businessinsider.com. KKR prevailed in an auction for the business and could finalize a deal as early as this month, the sources said, asking not to be identified because the discussions are confidential. Source: businessinsider.com Share This:

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Crypto Futures Markets News 

The first bitcoin futures depend on trading at the Winklevoss twins’ tiny exchange — and that could be a problem

“Ranked fourteenth globally by 24-hour trading volumes, the exchange sees only 1.4% of trading in the entire bitcoin market, according to data from CoinMarketCap” reports businessinsider.com. Nasdaq’s bitcoin futures contract will track 50 indexes, whereas CME Group, Cboe’s cross-town rival, is set to track four.Cboe’s futures will be based on the auction price of bitcoin on the Gemini exchange.All eyes will be on Cboe Global Markets on Sunday when it launches futures contracts for bitcoin.”The Gemini Exchange, while being a solid US-based exchange, makes up a very small percentage of…

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Pay $500, save a bear: Hunters’ auction gets no takers

“Bush declined to identify the other two hunters who offered to rip up their permits in the auction” writes Nj Advance Media for nj.com. “All week until Saturday,” Bush said, adding that he has killed 4 bears since N.J. resumed bear hunting in 2003.With the auction out of the way, Bush said he “absolutely” plans to participate in the extended hunt. Source: nj.com Share This:

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News Oil 

JFK’s Oil Painting Sells for $162,500 at Auction, Trump’s Art Goes for Much Less

“Trump’s Art Goes for Much Less JFK’s Oil Painting Sells for $162,500 at Auction, Trump’s Art Goes for Much Less There’s officially a winner in the presidential art auction showdown between John F. Kennedy and Donald Trump — it’s JFK … by a landslide” reports tmz.com. Kennedy’s original oil painting from 1955 sold at Heritage Auctions’ Americana & Political Memorabilia auction Saturday for a whopping $162,500. Source: tmz.com Share This:

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Waterfront home with boat house and slip in Fort Lauderdale, recently listed for $4.9 million, is up for auction

“The Florida estate includes a 70-foot boat slip, a salt-water swimming pool and spa and a tiki bar by the pool” reports washingtonpost.com. The main house has marble floors throughout the house, open floor plan and a great room with walls of glass overlooking the river. To pass on a tip or item, contact us at [email protected] and put “Town Square” in the subject line. Source: washingtonpost.com Share This:

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A pair of Boeing 747 jumbo jets just sold on a Chinese website for $48 million

“Two jumbo jets sold for $48 million on a Chinese auction website on Tuesday” writes Cadie Thompson for businessinsider.com. The Intermediate People’s Court of Shenzhen City auctioned the pair of 747-400 jets on Taobao, a website owned by e-commerce giant Alibaba.The court had tried auctioning the jets offline six times since 2015, according to the news agency, but couldn’t find any buyers. Source: businessinsider.com Share This:

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New buyer gains steam in race to purchase Two Herald Square

“A court on Monday authorized foreclosure on the leasehold first mortgage, a step that will lead to an auction sale” reports nypost.com. The judge will appoint a monitor for an auction likely to take place in the first quarter of 2018.Monday’s ruling by Manhattan Supreme Court Judge Eileen Bransten means that SL Green can bid on the property without putting up any additional money beyond the value of the mortgage and interest. Source: nypost.com Share This:

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