News

Note: This section contains information in English only.
Tue, 23 Oct 2018 16:52:52 GMT

Generali acquires Poland's Union Investment TFI

The Italian top insurer Generali has acquired Union Investment TFI, the Polish asset manager, as it seeks to bolster its position in the Eastern and Central Europe.

Tue, 23 Oct 2018 16:52:12 GMT

Helios & Matheson to establish MoviaPass as separate firm

On Tuesday, Helios and Matheson Analytics stated it would spin off MoviePass, its theatre and film subscription service, into the separate public firm.

Tue, 23 Oct 2018 15:50:49 GMT

Providence Service thinks over selling itself

The US non-emergency medical transportation services' biggest operator Providence Service is considering a sale after raising the private equity firms' interest, sending its shares up 7% to $69.01 on Monday.

Tue, 23 Oct 2018 15:50:13 GMT

Harris Associates acquires Thyssenkrupp's 3.08% stake

The US fund manager Harris Associates has bought a 3.08% stake in Thyssenkrupp, as Germany's conglomerate struggles to restructure itself due to activist pressure.

Tue, 23 Oct 2018 14:50:41 GMT

British firm O2 postpones IPO amid Brexit uncertainty

Britain's mobile operator O2, owned by the Spanish group Telefonica, has delayed its planned $13B initial public offering, citing the Brexit uncertainty, according to the Press Association.

Tue, 23 Oct 2018 14:48:44 GMT

Freudenberg selects investments banks for Vibracoustic IPO

Germany's technology company Freudenberg has hired investment banks, such as Morgan Stanley and JP Morgan, to lead its initial public offering of the Vibracoustic unit, scheduled for the next year.

Tue, 23 Oct 2018 14:32:02 GMT

SoftBank head Son cancels his speech at Saudi conference

SoftBank Group's CEO Masayoshi Son has cancelled his speech at the Saudi investment conference scheduled for this week, after his $93B Vision Fund had drawn about half of money from the kingdom.

Tue, 23 Oct 2018 14:28:47 GMT

Tesla's shares rise on on critic Citron Research going "long" on stock

On Tuesday, shares of Tesla increased about 7% after the short-seller and long-time critic Citron Research had changed its view on the stock from "short" to "long".

Tue, 23 Oct 2018 13:34:04 GMT

Turkey's Yildiz to sell Godiva Japan in auction

Turkey's Yildiz Holding has started the Godiva Japan business unit's sale, sources reported, with its auction first round planned to close in the beginning of the next month.

Tue, 23 Oct 2018 13:29:48 GMT

Australian consortium kicks off IPO of online property services PEXA

Australian Macquarie-led consortium has launched an IPO of the online property services company PEXA, aiming to attract up to A$862M, according to float managers' statement.

Tue, 23 Oct 2018 11:58:13 GMT

Vietnam picks Communist Party head as President

On Tuesday, the General Secretary of the Vietnamese ruling Communist Party Nguyen Phu Trong has been elected as the country's President, becoming the first leader to hold the two titles at the same time.

Tue, 23 Oct 2018 11:51:54 GMT

Ford to stop car production in Spain for nine days

The US auto producer Ford Motor is set to halt its vehicle production for nine days at its Spain's Almussafes plant in November amid lower demand for the company's vehicles.

Tue, 23 Oct 2018 11:36:14 GMT

Hanergy Thin Film to be taken private at $27B valuation

Hanergy Thin Film will be taken private by the group's parent Hanergy Mobile Energy in a deal valued at no less than $27B with the further relisting in China.

Tue, 23 Oct 2018 11:31:47 GMT

China's Ant Financial to invest $100M into StoneGo IPO

Brazil's card processor StoneGo stated in a Monday security filing that China's Ant Financial had committed to make an investment of $100M in the firm's planned initial public offering.

Tue, 23 Oct 2018 10:06:49 GMT

Saudi Aramco CEO speaks out about sovereign debt

The CEO of the state owned oil company Saudi Aramco revealed on Tuesday that investors no longer have concerns about a Saudi Arabian government default.

Tue, 23 Oct 2018 10:05:39 GMT

Saudi Aramco will sign new deals

On Tuesday, Saudi state owned TV announced that the Saudi Aramco company is set to sign new deals worth $50 billion during an investment conference in Riyadh.

Tue, 23 Oct 2018 09:37:23 GMT

Dreyfus' Biosev arm discusses selling more assets

The Brazilian ethanol and sugar producer unit Biosev, owned by Louis Dreyfus, is negotiating a sale of more assets in Brazil, seeking to trim debt.

Tue, 23 Oct 2018 09:34:35 GMT

Israel's Therapix Biosciences to be acquire for $48M

Canada's FSD Pharma is planning to acquire the Israeli firm Therapix Biosciences in an all=stock deal worth $48M that would combine two complementary units focused on the R&D of cannabinoid treatments.

Tue, 23 Oct 2018 08:28:03 GMT

J&J to acquire Japan's Ci:z in $2.1B deal

Johnson & Johnson, the US healthcare conglomerate, announced on Tuesday it would acquire all the outstanding shares of Japan's cosmetics company Ci:z Holdings in a deal valued at $2.1B.

Tue, 23 Oct 2018 08:17:02 GMT

Arconic considers $11B offer from Apollo

Arconic, the aluminium products maker, is thinking over a $11B takeover bid received from the buyout company Apollo Global Management, according to sources with the knowledge about the potential deal.

Tue, 23 Oct 2018 07:10:49 GMT

Constellation plans to sell its US wine brands

Constellation Brands Inc, the US maker of Modelo and Corona beers, claimed that it is considering to sell some of the company's US-based wine brands after the portfolio review in a deal which could be worth $3B.

Tue, 23 Oct 2018 07:05:54 GMT

Vertex Ventures invests in crypto exchange Binance

On Tuesday, Vertex Ventures claimed that it has invested in one of the largest cryptocurrency exchanges Binance to help the company launch an exchange service between digital and hard currencies in South East Asia.

Tue, 23 Oct 2018 06:39:29 GMT

Telefonica Deutschland urges to ban Vodafone-Liberty deal

On Monday, Telefonica Deutschland's head called on the EU regulators to ban Vodafone's planned takeover of Liberty Global amid concerns it could lead to the Germany's cable TV market "quasi-monopolisation".

Tue, 23 Oct 2018 06:38:49 GMT

Chemical-to-retail company Lotte Group to invest $5B

On Tuesday, South Korean chemical-to retail company Lotto Group claimed that it is planning to invest $5B in the nearest five years to expand sites in South Korea, the US and Indonesia.

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