Financial Services & Real Estate Headlines

BR Partners hones focus on M&A, debt as Brazil woes mount

SAO PAULO - BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil's worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance.

Deals, Brazil 1:45pm EDT

China's Focus Media aims to relist via Hedy acquisition

HONG KONG - China's Focus Media Holding Ltd, a Carlyle-backed company that was delisted in the United States after short-seller attacks, aims to relist on the market through an acquisition by communications equipment maker Hedy Holdings .

Deals, China 10:13am EDT

Sun, Aug 30 2015

Ageas to sell Hong Kong unit to China's JD Capital for $1.4 billion


HONG KONG - Ageas has agreed to sell its Hong Kong insurance unit to a China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago.

Deals, China 30 Aug 2015

Sat, Aug 29 2015

Buffett's Berkshire takes $4.48 billion stake in Phillips 66


- Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell.

29 Aug 2015

Ashley Madison courted several buyers, landed none before attack


TORONTO - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.

Tech, Deals 29 Aug 2015

Fri, Aug 28 2015

Olam gets new backer as Mitsubishi spends $1.1 billion on 20 percent stake


SINGAPORE - Mitsubishi Corp's decision to spend $1.1 billion for one fifth of Olam International is a key vote of confidence that will allow the Singapore agri-trader to exploit M&A opportunities thrown up by the slump in the global commodities market.

28 Aug 2015

Wells Fargo front-runner to buy GE's railcar financing unit: Bloomberg


- Wells Fargo & Co has emerged as the leading candidate to buy General Electric Co's railcar financing unit, Bloomberg reported.

28 Aug 2015

Thu, Aug 27 2015

Bad-debt manager China Huarong gets HK nod for up to $3 billion IPO: source

HONG KONG - State-owned bad debt management firm China Huarong Asset Management Co Ltd has won approval from Hong Kong's stock exchange for its initial public offering, expected to raise as much as $3 billion, a person with direct knowledge of the plans said.

Deals, China 27 Aug 2015

Oklahoma bank BOK Financial still eyeing deals

- BOK Financial Corp has more exposure to volatile energy prices than virtually any other bank in the United States, but its chief executive is still shopping around for an acquisition.

27 Aug 2015

Exclusive: B&G Foods in the lead to buy General Mills' Green Giant - sources

- Snack food company B&G Foods Inc is in late-stage discussions to acquire General Mills Inc's Green Giant frozen and canned vegetable business, people familiar with the matter said on Thursday.

27 Aug 2015

Perry as the weakest link?

The presidential campaigns and their Super PACs will be releasing their September fundraising reports in a few weeks. One of them is looking to be a doozy.