Braas Monier Building Group, a supplier of building materials for roofs, is planning an initial public offering in Frankfurt to raise about 500 million euros ($690 million), said people familiar with the matter.
Post Holdings Inc. agreed to acquire Michael Foods Group Inc., the processing and distribution company controlled by Goldman Sachs Group Inc.’s private-equity arm, for $2.45 billion to strengthen its position in protein-based foods.
The Ibovespa advanced for a second straight day as Banco do Brasil SA and Petroleo Brasileiro SA rose on speculation the next Ibope election poll will show reduced support for President Dilma Rousseff’s government.
Blackstone Group LP, the world’s biggest manager of alternative assets such as private equity and real estate, said first-quarter profit rose 30 percent as the carrying value of its holdings increased and it collected more fees.
Alexander Forbes Ltd., Africa’s largest independent retirement-fund administrator, climbed the most in 21 months after saying it was weighing expressions of interest to buy the company alongside plans for a share sale.
Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.