Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.
Deals
Bank of China's London branch issues $413M worth of yuan-denominated bonds
Bank of China UK on Wednesday issued $413 million worth of yuan-denominated bonds in London, as China seeks to increase the international usage of its currency for trade and investment. Bank of China also said that the bond will list on London's bourse.
Indegene buys Total Therapeutics Management to expand US presence
India-based global marketing solutions company Indegene acquired Atlanta, US-based outcomes research firm Total Therapeutic Management (TTM) for an undisclosed sum to expand its presence in the US.
Indonesia's CT Corp engages 13 banks for $1.275B syndicated loan- sources
Sources told Bloomberg that CT Corp, a diversified holding company based in Indonesia, has hired 13 lenders to market a syndicated loan worth $1.275 billion.
Apollo mulls over exit of Lighthouse owner HFA Holdings -sources
Private equity firm Apollo Global Management is looking to exit its investment in Australia-based fund-of-hedge-fund manager HFA Holdings. HFA is the owner of investment manager Lighthouse Investment Partners.
Latest News
American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.
Blitzmegaplex, the second-biggest cinema operator in Indonesia, seeks to kick off an initial public offering at the Jakarta Stock Exchange in the first quarter of this year. Proceeds from the deal will be used to construct 15 cinemas costing $35 million.
Pay-TV network operator Dish Network Corp. is aborting its bid for bankrupt telecom firm LightSquared Inc. Dish Network initially offered to buy LightSquared and its wireless spectrum for $2.2 billion.
California, US-based innovative diabetes management startup Glooko landed $7 million in a funding round led by Samsung Venture Investment Company and Lifeforce Ventures to expand its predictive diabetes care service.
A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.
The OUE Commercial Trust, a spinoff from Singapore-based OUE Ltd, plans to give a yield of 6.8% for its $315 million IPO, according to sources interviewed by Bloomberg.
Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.
Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bolster its weak balance sheet.
US-based online writing and reading system Medium by Evan Williams is considering raising $20 million from venture capitalists after basically thriving on angel investments, according to circulating rumors.
