Beurden was named as Shell's new CEO. Ben van Beurden, Downstream Director of Royal Dutch Shell, would be taking over Peter Voser position as Chief Executive Officer.
Corporations
Genting and Alliance Global Postpones Travellers' IPO
Genting and Alliance Global postponed Travellers' initial public offering. Alliance Global Group Inc. and Genting Hong Kong Ltd. said on Tuesday that they would postpone the IPO of Travellers International Hotel Group Inc.
LVMH Acquires Loro Piana
LVHM announced that they were able to acquire 80% of Loro Piana LVMH Moet Hennessy Louis Vuitton SA agreed to pay US$2. 57 billion or Eur2 billion for 80% of Loro Piana SpA.
Access Kenya Takes Over Dimension Data Holdings
Access Kenya's take over offer document for Dimension Data Holdings has been approved by Kenyan regulator.
Sparebanken Møre Enters Agreement With EVRY
Sparebanken Møre announced that they have entered an agreement with EVRY Sparebanken Møre announced that they have entered an agreement with EVRY for the delivery of IT services for its banking activities.
Latest News
Fancy raised US$53 million for international expansion of its current social commerce platform. The social commerce platform Fancy raised US$53 million, according to Bloomberg.
Welsh, Carson, Anderson & Stowe announced today that it has agreed to buy Service Repair Solutions which is backed by private equity firm, Warburg Pincus.
Welsh, Carson, Anderson & Stowe, a private equity firm announced that they will be acquiring Service Repair Solutions from Warburg Pincus.
Hasbro paid US$112 million cash for a 70% stake in Backflip Studios. Hasbro made a cash payment of US$112 million to acquire a 70% stake in Backflip Studios.
Today, Imperative and Purpose Economy announced merger with Aaron Hurst appointed as the new chief executive officer.
Most bankers experienced roadblocks in selling covered bonds as investors like Pacific Investment Management Co said that debts from fledging markets have drove them away.
Aeroflot entered an agreement with the Manchester United Football Club as the official carrier for the team
Seculert's anti-malware technology raised US$10M from series B round. Seculert conducted a Series B round and raised funds amounting to US$10 million.
Equifax acquired TrustedID for about US$30 million. Equifax, a credit company, bought TrustedID for an estimated US$30 million. TrustedID merged with the Personal Solutions division of Equifax.
