UBS completes Credit Suisse takeover to become wealth management behemoth
European Markets ·June 12, 2023 UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet.
- CommoditiesArdea Resources inks agreement with Japanese firms for nickel-cobalt project feasibility
Nickel sulphide explorer Ardea Resources Ltd said on Wednesday it has signed a non-binding agreement with a Japanese consortium to carry out a feasibility assessment at its Kalgoorlie Nickel Project Goongarrie Hub in Western Australia.
- DealsIndia's Samvardhana Motherson to buy majority stake in Honda's unit
Indian auto parts maker Samvardhana Motherson International (SMIL) said on Tuesday it will buy a majority stake in Japan-based auto-part maker Yachiyo Industry's four-wheeler business from Honda Motor Co to expand its product range.
- WorldIndia's IDFC to merge with IDFC First Bank in latest consolidation
IDFC First Bank said on Monday its board had given the green light for a merger with IDFC Ltd , just days after the landmark $40 billion merger between Housing Development Finance Corp and HDFC Bank came into effect.
- DealsOMERS, APG to buy Dutch meters business Kenter in $764 mln deal
Canada's OMERS and Dutch pension investor APG have agreed to buy Netherlands-based energy infrastructure solutions firm Kenter, according to a draft announcement of the deal seen by Reuters and confirmed by the purchasers.
- DealsRoyal Unibrew to buy Heineken's Vrumona
Danish brewer and beverage group Royal Unibrew has agreed to buy soft drinks maker Vrumona from Heineken for 300 million euros ($327 million), it said on Monday.
