Deals

Institutional portion of ZhongAn`s HK IPO oversubscribed: sources

Institutional portion of ZhongAn`s HK IPO oversubscribed: sources

Published 18/09/2017

ZhongAn Online Property and Casualty Insurance Co, China's first internet-only insurer, has covered the institutional tranche of its up to $1.5 billion initial public offering (IPO) multiple times over, sources close to the deal said on Monday. [more…]

Will Saudi Aramco deliver world record profit for next year`s IPO?

Will Saudi Aramco deliver world record profit for next year`s IPO?

Published 08/09/2017

When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] [more…]

German Merck considers sale of consumer health business

German Merck considers sale of consumer health business

Published 05/09/2017

Germany's Merck KGaA is considering selling its $1 billion consumer health unit to meet its financial targets as a decline in its liquid crystal business forces it to review its strategy. [more…]

United Tech to buy Rockwell Collins for $30 billion

United Tech to buy Rockwell Collins for $30 billion

Published 05/09/2017

Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks up UTC's power with plane makers by creating one of the world's largest makers of civilian and defense aircraft components. [more…]

Fujifilm says aims to spend $4.5 billion on M&A over three years

Fujifilm says aims to spend $4.5 billion on M&A over three years

Published 30/08/2017

Fujifilm Holdings Corp (4901.T) said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking. [more…]

Liechtenstein`s LGT Bank plays up princely ties to woo Asian clients

Liechtenstein`s LGT Bank plays up princely ties to woo Asian clients

Published 29/08/2017

Liechtenstein's LGT Bank, owned by the mini-state's ruling family, hopes to stand out in Asia's crowded private banking market by touting the clan's own track record of preserving wealth. [more…]

CBS agrees to buy embattled Australian customer Ten Network

CBS agrees to buy embattled Australian customer Ten Network

Published 28/08/2017

CBS Corp (CBS.N), the United States' most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd (TEN.AX), and launch its streaming service in the country. [more…]

Spotify reaches licensing deal with Warner Music

Spotify reaches licensing deal with Warner Music

Published 24/08/2017

Spotify said on Thursday it has renewed its global licensing partnership with a third major label, Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing. [more…]

Vontobel to buy eastern European private banking portfolio from Notenstein

Vontobel to buy eastern European private banking portfolio from Notenstein

Published 21/08/2017

Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd, it said on Monday. [more…]

Sempra snatches Oncor from Buffett with $9.45 billion bid: sources

Sempra snatches Oncor from Buffett with $9.45 billion bid: sources

Published 21/08/2017

Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy (SRE.N) instead, people familiar with the matter said. [more…]