HONG KONG/BANGKOK - Siam Commercial Bank , Thailand's third-largest lender, is in talks to sell a 25 percent stake in its life insurance business SCB Life Assurance PCL , people familiar with the matter told Reuters.
Mon, Sep 1 2014
HONG KONG - U.S. private equity firm KKR & Co LP has sold its remaining stake in China Modern Dairy Holdings, raising around $80 million, a source with direct knowledge of the matter said.
SANTANDER Spain - Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband business GVT, ending a long-standing shareholding and easing competition concerns in Brazil.
MADRID - Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis.
LONDON - Bankers are working on debt financing packages of around 1 billion euros ($1.3 billion) to back a potential sale of Norway's second-biggest cable operator Get, banking sources said on Monday.
MADRID - Spain's Caixabank said on Monday that its acquisition of Barclays' retail and corporate banking operations in the country would bring around 150 million euros ($197 million) in gross cost savings by 2016.
Sun, Aug 31 2014
- Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News reported on Sunday, citing people familiar with the matter.
MADRID - Barclays is selling its Spanish retail and corporate banking operations to Caixabank , the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
Fri, Aug 29 2014
- Real estate owner Store Capital Corp, backed by private equity firm Oaktree Capital Management LLC, filed with U.S. regulators on Friday for an initial public offering of common stock.
TORONTO - Burger King's proposed $11.5 billion acquisition of Canada's Tim Hortons may offer big tax benefits to the U.S. fast food chain but the real tax winner is likely to be its controlling shareholder, 3G Capital.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.