Japan’s biggest private-sector life insurer, Nippon Life Insurance Co, is in talks to buy a minority stake in U.S. investment company TCW Group, sources told Reuters.
1 min read · 27 September 2017
Finland’s largest healthcare company Terveystalo set a share price of 9.76 euros on Wednesday for its upcoming share listing, valuing the firm at around 1.25 billion euros ($1.5 billion), Reuters reported.
1 min read · 27 September 2017
Austria’s former trade union bank BAWAG is planning a stock market debut later this year to set the seal on a decade-long recovery from its near collapse in a fraud scandal, Reuters reported.
3 min read · 27 September 2017
South Korea’s SK Hynix Inc (000660.KS) said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s (6502.T) memory chip unit for 2 trillion yen ($17.7 billion), Reuters reported.
2 min read · 27 September 2017
Japan’s biggest private-sector life insurer, Nippon Life Insurance Co, is in talks to buy a minority stake in U.S. investment company TCW Group, Reuters reported.
1 min read · 27 September 2017
German industrial group Siemens and French rival Alstom agreed this week to merge their rail operations, creating a European champion to better withstand the international advance of Chinese state-owned CRRC Corp, Reuters reported. The Siemens and Alstom transport businesses, which span the French TGV and German ICE high-speed trains as well as signaling and rail technology, had combined sales of about 15 billion euros (US$18 billion) in their last fiscal years. Their merger is a blow to Canada's Bombardier, which also held talks with Siemens, sources have said. Caisse de dépôt et placement du Québec owns 30 percent of Bombardier’s rail business.
2 min read · 26 September 2017
U.S. President Donald Trump’s promise to close the “carried interest” tax break that benefits some of Wall Street’s wealthiest financiers could be defanged if his administration proceeds with an exemption for certain firms, Reuters reported.
3 min read · 26 September 2017
India’s Godrej Agrovet Ltd has set a price range of 450-460 rupees a share for its initial public offering to raise up to 11.6 billion rupees ($177.6 million), according to a public notice on Tuesday, Reuters reported.
1 min read · 26 September 2017
Silicon Valley venture capital firm IVP on Tuesday announced the close of a $1.5 billion fund, the latest in a string of massive new venture funds that are appearing as global investors scramble for a piece of the tech boom.
2 min read · 26 September 2017
Western Digital Corp (WDC.O) said on Tuesday it will seek an injunction to block the sale of Toshiba Corp’s (6502.T) prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner, Reuters reported.
3 min read · 26 September 2017
