Elan purchases two new interests as well as plan for another buyback option to blunt the Royalty Pharma drug offer.
Europe
Willis Group Hires Investment Banker
Willis Group Insurance hires Michael Guo, a former investment banker. The world's third largest insurance broker, Willis Group Holdings Plc, has engaged the services of Michael Guo as its new head of Asia for capital markets operations.
Royalty Increases Offer for Elan
Royalty Pharma increases offer for Elan. Royalty Pharma has increased its offer to purchase Elan Corp by 12%. The new bid is now worth US$6. 4 billion, even after the Irish drugmaker has been making moves seeking to prevent the takeover bid and boost revenues for the company.
KazAgro Raises US$1 Billion in Debt Issue
KazAgro raises half of its projected US$2 billion Eurobond issue programme. KazAgro, the state holding firm of Kazakhstan, has raised US$1 billion in its initial Eurobond issue.
Electranova Capital Supports Forsee Power
Electranova Capital invests in Forsee Power for development and growth purposes. In an announcement, Electranova disclosed its investment in Forsee Power Solutions.
Latest News
Quantitative easing fsils in terms of volatility of investments done by managers. Investors would be pushed to hold on to more cash rather than place them in risky investments, if one follows the precepts of quantitative easing.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.
UK Pension Funds start trying out leverage funds, often to seek high yields yet are unprepared for the high risks.
Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.
Hans Peter Haselsteiner calls out Conwert governance structure. Investor Hans Peter Haselsteiner is planning to call a special stockholder's meeting for Conwert property group.
Alpine to discuss with its mother firm FCC as to financial options in the future. The Austrian division of Spanish construction group FCC, Alpine will host discussions with the company owners regarding how to fulfill its financial requirements and other possible options, according to Arnold Schiefer, Chief Executive Officer of Alpine.
Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.
Study from Towers Watson shows growth of global pensions. Studies showed that the pension fund assets in the world's largest markets increased by 8.
