Austrian bank BAWAG PSK , backed by US financial investor Cerberus, is bidding for German private bank Oldenburgische Landesbank (OLBG.F), sources told Reuters.
1 min read · 05 January 2017
China Mengniu Dairy Co Ltd (2319.HK) has offered to buy out China Modern Dairy Holdings Ltd (1117.HK) for $826 million in a deal that will help it secure a stable supply of raw milk, Reuters reported.
2 min read · 05 January 2017
The value of Canadian equity issues rose to an all-time high in 2016, driven by large deals in the energy and mining sectors, Reuters reported, citing data released by Thomson Reuters. Equity issues increased nearly 19 percent last year to $51.2 billion, breaking the previous high of $49.4 billion in 2009. The top advisers for 2016 were Toronto-Dominion Bank, Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank of Commerce, Bank of Nova Scotia and National Bank of Canada.
2 min read · 05 January 2017
Morgan Stanley, Barclays Plc and Royal Bank of Canada took the top spots advising Canadian mergers and acquisitions in 2016 as deals in the pipeline, power and utility sectors propelled deal volume to a nine-year high, Reuters reported. Deal value climbed 8.3 percent to US$250.7 billion last year, from 2015 levels, according to data released by Thomson Reuters.
2 min read · 05 January 2017
Billionaire Carl Icahn's investment firm, Icahn Enterprises LP, sweetened its offer for a third time to buy shares of Federal-Mogul Holdings Corp it does not already own.
1 min read · 04 January 2017
Chinese bike-sharing start-up Mobike has closed a $215 million series D funding round led by Tencent Holdings and Warburg Pincus LLC, Reuters reported.
2 min read · 04 January 2017
DCP Midstream Partners LP (DPM.N) said it had acquired the assets of a joint venture between Phillips 66 (PSX.N) and Spectra Energy Corp (SE.N), to create the largest natural gas liquids producer and gas processor in the United States.
2 min read · 04 January 2017
Investment banking fees fell 7 percent worldwide in 2016, dragged down by a 23 percent fall in equity capital market (ECM) fees, Thomson Reuters data showed on Wednesday, raising the pressure on banking giants fighting to restore profitability.
2 min read · 04 January 2017
Venture capital investment in Canadian financial technology companies hit its highest level in almost two decades last year, even as the flow of funds into major fintech markets like the United States declined, Reuters reported. According to PitchBook, venture capital financing in Canadian fintech was US$137.7 million in 2016, up more than 35 percent on the year. Figures compiled by Thomson Reuters show a rise of nearly 74 percent from 2015 to 2016, to $264.8 million (US$197.41 million), its highest level since 2000. Related investments declined at least 30 percent in the United States in 2016, while in the United Kingdom they fell nearly 25 percent and Singaporean fintech investment sank 65 percent.
3 min read · 03 January 2017
Private equity firm 3i has hired investment bank Rothschild to sell its troubled upmarket lingerie chain Agent Provocateur, sources told Reuters.
2 min read · 03 January 2017
