Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.
Asia/Pacific
Taiwanese banks not the promised venues for foreign investors
Taiwan's banks have become minefields for private equity companies. The banks of Taiwan, once seen as avenues to inroads towards China, have increasingly become minefields for private equity firms.
China may be bad for foreign retail chains - report
Analysts advised foreign grocery chains to be cautious about expanding their businesses in China. British supermarket chain Tesco Plc would the the latest foreign retail chain that had set its sight on China.
Seguchi to solely head BoFA Merrill Lynch Asia-pacific investment bank business - memo
An internal memo news agency Reuters had obtained revealed that Bank of America Merrill Lynch had reassigned its co-heads of its Asia Pacific investment banking business.
Tesco Plc would extend its reach into China with its new investment
Tesco Plc paid HKD4.33 billion or USD588 million for 20% of its venture with China Resources Enterprise Ltd.
Latest News
Israel-based venture capital firm Pitango Venture Capital said it had closed its recent funding round with USD270 million worth of funds.
Wolseley Private Equity sold all its shares in nexmedia to Forum Media Group. Australian-based Wolseley Private Equity said it had exited from nextmedia.
French bank BNP Paribas SA said through Japan head of global equities and commodity derivatives Kyoya Okazawa that it had completed its hiring plan to strengthen its equity desk two years ahead of its schedule.
Telecoms group SoftBank Corp founder Masayoshi Son was said to have purchased Tiffany Building for USD326 million, according to people who were familiar with the transaction.
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
For an undisclosed amount, Verdesian Life Sciences acquires INTX Microbials. Paine & Partners LLC firm Verdesian Life Scicnes LLC announced the acquisition of INTX Microbials LLC.
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
