Catherine Badour
China’s ride-hailing application Didi Chuxing has agreed to acquire a majority stake in Brazilian app 99, newspaper Valor Economico said on Wednesday, citing sources familiar with the talks.
Britain’s Royal Bank of Scotland (RBS.L) has sold offshore assets from its asset financing group Lombard to specialist lenders Investec and Shawbrook Bank for 150 million pounds ($203.4 million), Sky News reported on Wednesday.
Japan’s Nippon Life Insurance Co [NPNLI.UL], which recently struck a deal to buy about a quarter of U.S. investment firm TCW Group, is scouting for opportunities to buy boutique managers of bonds and alternative assets, its president said.
Investment manager Principal Financial Group Inc (PFG.O) said on Tuesday it would purchase Indian lender Punjab National Bank’s (PNBK.NS) minority stakes in their joint ventures.
Memorial park developer Golden Haven Inc. is recently diversifying its real estate business, having acquired a majority stake in property developer Bria Homes from Cambridge Group Incorporated.
Mergers and acquisitions had another strong year in 2017, reaching their third highest annual level since the 2008 financial crisis, as CEOs were emboldened by buoyant markets to pursue transformative deals, even when their targets resisted, Reuters reported.
Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city’s worst year for raising equity in a decade, Reuters reported.
Aerospace group Airbus (AIR.PA) said on Thursday it has finalized orders for 430 A320neo aircrafts with U.S. private equity fund Indigo Partners, confirming the company’s largest single order, valued at nearly $50 billion.
British Airways owner IAG (ICAG.L) is negotiating exclusively with Niki’s insolvency administrator to take over the collapsed Austrian airline, a source told Reuters.
China’s commerce ministry said on Thursday that it has conditionally approved a merger between U.S. medical equipment supplier Becton Dickinson (BDX.N) and its U.S. peer C R Bard (BCR.N).